The
price of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is surging – and
this Trump-fuelled
boom could just
be the
start
Thursday 14 November 2024 12:34 GMT
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A gold bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin sign is seen at the entrance of a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange on 8
November, 2024 in Istanbul, Turkey (Getty Images)
T he moment it became clear that Donald Trump was going to win the US• Экономика » Финансы » Платежные средства » Доллар США
presidential election, bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price began to climb . Within a few hours,
the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта had hit a new all-time high, and the overall market had
swelled by a quarter of a trillion dollars.
Now, one week later, bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is up by more than a third and has just passed
$90,000 for the first time in its history. Some believe that hitting six
figures before the end of the year is not just a possibility, but an
inevitability – but with bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin it is rarely that simple.
In its 15-year history, the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has become synonymous with
volatility. Price surges like the one seen in the last week are not uncommon,
and can be triggered by something as minor as a tweet from Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors CEO Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон
.
The latest rally, which has seen new price records for the past five
consecutive days, is largely down to promises from Trump to end the
“persecution” of the crypto industry in the United States• Соединённые Штаты Америки (США) and position the
country as the “bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin superpower of the world”. During a keynote address at
the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin 2024 conference in Nashville in July, the Republican pledged to
form a crypto advisory council and create a bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin strategic reserve from the
stockpile amassed through government seizures from financial criminals.
Trump’s re-election could also see the removal of Gary Gensler as the chair of
the US• Экономика » Финансы » Платежные средства » Доллар США Securities and Exchange Commission (SEC), who has been accused of
pursuing a vendetta against the crypto industry, while the president-elect has
said he will protect people’s cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта from “Elizabeth Warren and her
goons”.
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As pro-crypto figures line up to take senior roles under Trump’s
administration, bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s record-breaking rally has continued to build.
Trump’s running mate JD Vance is the first bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holder to run for Vice
President, having disclosed that he held between $100,000 and $250,000 of the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта in 2022 – a figure that will have at least doubled at today’s
prices. He has been a strong supporter of the crypto industry and last year
introduced a bill that would protect crypto firms and exchanges from being cut
off by traditional banks.
“Under the Trump administration, crypto regulation is anticipated to be
overhauled, including a more favourable stance from the SEC, which tightened
its oversight during Joe Biden’s term,” Maria Carola, chief executive of the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange StealthEX, told The Independent .
“His support measures – such as replacing SEC head Gary Gensler, establishing
a bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve, and aiming to make the US a ‘crypto superpower’ – could
fuel market growth. Currently, the market reflects a strong bull trend, with
the potential for bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to reach $100,000 by year-end.”
But despite all of his promises, Trump’s courting of the crypto space appears
more tactical than ideological. With an estimated 50 million holders of
bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in the US• Экономика » Финансы » Платежные средства » Доллар США, this demographic proved to be a significant factor in a
major US• Экономика » Финансы » Платежные средства » Доллар США election for the first time.
“Crypto has been taken seriously in this election cycle and it’s clear that a
robust regulatory framework is on the way,” said Philippe Bekhazi, co-founder
and CEO of XBTO.
“As we see this become a reality, digital assets will become more embedded
into society, increasing both retail and institutional adoption. This macro
backdrop could see Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin end the year well above current levels and even
head towards $100,000 in 2025.”
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s notorious volatility is matched by Trump’s often fickle whims.
During the last major bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bull run in 2021, the recently ousted president
told Fox Business• Экономика » Бизнес that he thought bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin was a “scam” and that its value was
“based on thin air”.
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has a higher market cap than silver (The Independent)
Regardless of Trump’s personal views, investors appear convinced by his
promises, as well as buoyed by the maturity of the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has
proved its resilience during periods of aggressive regulation imposed by the
SEC, and the approval of bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin exchange-traded funds earlier this year means
it is no longer viewed as a fringe asset class. With a market cap of $1.8
trillion, it now holds more value than silver.
The overall crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap passed $3 trillion for the first time in its
history on Wednesday – roughly one fifth that of gold – and its global reach
means that it does not need Trump to gain legitimacy. But history suggests
that he could have a significant impact on its short-term price trajectory.
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And it will not make bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price any easier to predict.
Are we likely to see $100,000 before we revisit $60,000?” David Morrison, a
senior market analyst at financial services• Экономика » Финансы » Финансовые услуги
• Сфера услуг » Финансовые услуги provider Trade Nation, wrote in a
research note on Wednesday. “It’s impossible to tell with bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.”
Американский инженер, предприниматель, инвестор организации Tesla Motors
