If confirmed, Bessent could act as a catalyst for a crypto and bitcoin price boom by helping to establish a clear regulatory framework for digital assets.

Bitcoin is nearing $100,000, thanks in part to Donald Trump's re-election. Crypto experts think it's poised to continue, but don't recommend making any rash investment decisions.

Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 after the collapse of crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more crypto-friendly approach to regulating the digital currency.