Bitcoin has set a new record, surpassing the $99,380 mark, and continues to rise. Over the year, the cryptocurrency has increased by 130%, and since Donald Trump’s election victory on November 5, it has risen by 45%. Investors attribute this growth to expectations of a more favorable regulatory environment under the new administration.
Experts note that the approval of Bitcoin ETFs in the United States earlier this year was one of the key growth drivers. According to economist Shane Oliver, Bitcoin is becoming an increasingly serious asset due to its longevity, although its valuation remains challenging.
During his campaign, Donald Trump actively supported cryptocurrencies and promised to make the United States the “crypto capital of the planet.” With his assumption of the presidency in January, investors expect reduced regulatory pressure, as SEC Chairman Gary Gensler, who initiated lawsuits against crypto exchanges, announced his resignation.