President-elect Donald Trump is wasting no time in staking his claim on Bitcoin’s price surge — and the wealth it is creating for the digital asset’s owners.

In a post early Thursday on his Truth Social platform, Trump wrote: “CONGRATULATIONS BITCOINERS!!! $100,000!!! WELCOME!!! Together we will make America great again!”

The cryptocurrency reached the six-figure milestone late Wednesday after hovering in the $90,000 range for several weeks. Bitcoin price skyrocketed following Trump’s resounding election victory in November, rising by $20,000 from about $68,318 in just seven days.

It is up more than 130% since the beginning of the year.

Cryptocurrency advocates don’t disagree with the idea that Trump deserves some credit for the recent price rally.

“His name is President Pump. Up only,” wrote David Bailey, CEO of Bitcoin Magazine and Bitcoin Conference, in a post on X.

The crypto community has also been encouraged by Trump’s recent cabinet picks. In nominating Paul Atkins to head the Securities and Exchange Commission, Trump wrote on Wednesday that Atkins “recognizes that digital assets and other innovations are critical to making America greater than ever before.”

Atkins leads Pomak Global Partners, a financial services advisory group that also works with clients in the crypto industry. He also serves as an advisor to the Chamber of Digital Commerce, a cryptocurrency advocacy group.

Working with the Digital Chamber’s Token Alliance, Atkins has helped develop a set of best practices for crypto regulation.

Digital token fans have criticized the tenure of outgoing SEC Chairman Gary Gensler for his punitive approach towards the crypto world.

“It is impossible to express the magnitude of change we are likely to see in a Paul Atkins-led SEC,” wrote Jake Chervinsky, chief legal officer of financial technology group Variant. “Cryptocurrencies have literally never existed without uncertainty or hostility from U.S. regulators. This moment is a regulatory singularity ahead of a new era for cryptocurrencies.”

Atkins’ nomination rounds out a new administration focused squarely on crypto.

According to Forbes, Trump’s nominee for Treasury Secretary Scott Bessent previously spoke about the benefits of digital assets in an interview with Fox Business earlier this year.

“Cryptocurrency is about freedom, and the cryptocurrency economy is here to stay,” Bessent said. “Cryptocurrencies attract young people, people who have not yet participated in markets.”

Forbes also noted that Bessent has previously invested in blockchain startups and decentralized finance (DeFi) initiatives.

Other members of the new Trump administration, including Vice President-elect JD Vance, Health and Human Services nominee Robert F. Kennedy Jr., and Commerce Secretary nominee Howard Lutnick, have all previously declared investments in and support for cryptocurrencies.

Trump made cryptocurrency promotion a cornerstone of his presidential candidacy. This summer, he served as a keynote speaker at a Bitcoin conference in Nashville. Although he admitted that he does not have a comprehensive understanding of how crypto technology works, Trump promised to make America the “crypto capital of the planet” if elected.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” Trump said at the time.