So what exactly happened ? As it seems Bitcoin price is rising and it doesn't seem to stop anytime soon. Here's why?
The recent Bitcoin's price surge is closely tied to VP Donald Trump’s election as the US president.
Under his administration we seek an optimistic view of cryptocurrency. Trump’s evolving stance ( From a crypto skeptic to an advocate for digital assets ) has resonated with investors, especially because he promises a friendlier regulatory approach. His policies are seen as a boost for the industry. This includes creating a national Bitcoin reserve and appointing pro-crypto officials. This shift aims to position the U.S. as a global crypto leader, which has attracted significant investor interest.
Due to this, the U.S. dollar has strengthened under Trump’s pro-business outlook, appealing to investors who seek to diversify their assets. As a decentralized asset, Bitcoin is often seen as a hedge against potential dollar volatility and inflation, even when the dollar strengthens. Many analysts now believe Bitcoin could reach $100,000 by the end of the year as enthusiasm around Trump's pro-crypto policy outlook continues to build.
