Bitcoin's price has surpassed $100,000 after Paul Atkins was announced as Donald Trump's nominee to lead the Securities and Exchange Commission. Atkins, a cryptocurrency advocate, has generated optimism among investors, reminiscent of the dot-com boom in the late nineties.

Market sentiment is positive, with crypto enthusiasts expressing excitement about potential price increases. However, some experienced market participants are raising concerns about the sustainability of this growth, drawing parallels to the eventual downturn experienced during the dot-com era.

The regulatory frameworks surrounding digital currencies are a key focus for investors and analysts as the new administration prepares to take office.