A new era in the world of cryptocurrencies. There is usually a significant drop after big climbs; but now it may be different.
O Bitcoin last night surpassed the mark of $100,000 (practically 95,000 euros), for the first time.
It’s a historical landmark and the culmination of an uptrend that has seen the cryptocurrency’s value rise by more than 30% since Donald Trump was elected US president.
This symbolic threshold highlights the growing acceptance of Bitcoin and its potential for long-term sustainable growth.
And it will be start of the next phase long-term growth of the industry.
The highlights that the cryptocurrency sector is gaining a unprecedented momentum. Wall Street began to accept, something that was seen as unimaginable. Regulations in the US are becoming clearer.
There has been a lot of talk about the “Trump effect”, but Bitcoin’s rise is based on its predictable four-year cycles. The latest halvingwhich occurred in April 2024, reduced daily Bitcoin production, restricting supply and boosting prices.
Furthermore, the traders they were already anticipating six-figure prices long before Trump’s public support for the asset.
In the midst of optimism and uncertainty, we know that there is usually a remains significant after big climbs; but now it could be different thanks to the growing participation of institutional investors, companies and even countries.
Bitcoin is the 7th largest asset in the worldsurpassing Tesla and silver, for example.
