Bitcoin crossed the $100,000 mark: a new era of cryptocurrencies or a temporary phenomenon?

The cryptocurrency market has broken new records: the value of bitcoin has exceeded a fantastic $100,000. What is behind this rapid rise? Is this just the beginning of a great era for digital assets?

The political factor: the role of Donald Trump

Political support is in the spotlight. After Donald Trump was elected president of the United States, the cryptocurrency market received a new impetus. The president openly supported bitcoin, calling it the “ of finance”, although he had previously criticized it as a “scam”.

The key was the appointment of crypto lawyer Paul Atkins as chairman of the Securities and Exchange Commission (SEC). This decision contributed to hopes of easing regulatory restrictions on cryptocurrencies, which, in turn, gave the market a new lease of life. In addition, other appointments, such as Elon Musk’s appointment as head of the Department of Government Effectiveness (DOGE), have been a source of excitement among investors. Interestingly, DOGE is reminiscent of the popular cryptocurrency Dogecoin, which Musk actively supported and which has grown in value by 150%.

Institutional investors are entering the game

The role of institutional players is hard to overestimate. Companies like BlackRock and Fidelity have received the green light from regulators to launch cryptocurrency funds. This has attracted billions of dollars in investment, boosting demand and pushing bitcoin to new heights. Growth is also fueled by the launch of the first bitcoin ETFs, which has greatly simplified access to cryptocurrencies for traditional investors.

Changing sentiment after crises

Two years ago, the cryptocurrency market was going through hard times: after the FTX crash, the price of bitcoin fell to $16,000. But today’s figures demonstrate how quickly the situation can change. The news about the creation of a strategic bitcoin reserve in the United States is truly euphoric. The idea that the growth in the value of tokens will help reduce the national debt sounds bold, but attractive to investors.

What’s next?

Breaking the $100,000 mark was a turning point. Analysts predict further growth, but warn of possible risks. Will bitcoin become a financial savior for the United States, or are we seeing another speculative bubble? One thing is clear: the cryptocurrency market is entering a new, extremely interesting phase that has already changed the financial landscape.

We keep our finger on the pulse – it will be even more interesting!