US President-elect Donald Trump has enough cryptocurrency supporters in his circle to appoint them to influential positions in the future US government. Against this backdrop, Bitcoin investors became infected with optimism, which led to the quotes of the oldest cryptocurrency reaching a new historical value of $106,000 per coin.
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In any case, at its peak the rate rose to $106,533, which is a new record. Even the rate of “ether” rose against this background by 1.5% to $3965. In total, since Trump’s victory in the US elections, Bitcoin has risen in price by more than one and a half times, and the downward rebound expected by some market participants did not happen, and the next level that the coin should test will be $110,000.
Since the beginning of the year, Bitcoin has almost tripled in price, and the total turnover of the cryptocurrency market has doubled to $3.8 trillion. Back in the summer, Trump began discussing the idea of forming a kind of national reserve in this cryptocurrency, and with his coming to power in the United States, it again pops up in investors’ expectations. Last week, the US President-elect said that the country’s authorities simply do not want to miss the opportunities associated with cryptocurrencies, because otherwise China and other countries will advance further in this topic, and the US wants to remain a leader in this area. At least the authorities in the UK, China, Bhutan and El Salvador are not shy about investing in Bitcoin, and the US simply does not want to lag behind. During the election campaign, Donald Trump willingly accepted contributions to his fund in cryptocurrency, although he had not previously spoken so flatteringly about it. Now he is ready to make the US the “cryptocurrency capital of the world.”
Among Trump’s associates there are many figures who are favorable towards cryptocurrencies, some of them have already been offered positions in the US bureaucracy, which will allow them to influence government policy in this area. The inclusion of MicroStrategy, which actively invests in cryptocurrency, in the Nasdaq-100 list last Friday had a positive impact on the dynamics of the Bitcoin price. This company has increased its own capitalization sixfold this year to $94 billion, and is the largest corporate holder of cryptocurrency.