Bitcoin's price surged past $100,000 for the first time on Wednesday. The new high followed President-elect Donald Trump's nomination of crypto advocate Paul Atkins to lead the U.S. Securities and Exchange Commission. Atkins is a former SEC commissioner and is also the CEO of a firm consulting for cryptocurrency industries. Trump took to Truth Social, claiming credit for the price surge. Trump has expressed plans to make the U.S. the “crypto capital of the planet,” which could benefit his own crypto venture, World Liberty Financial if his administration eases crypto regulations. As of Thursday afternoon, Bitcoin's price dipped below $100,000 but remains over $20,000 higher than its value in June.