Bitcoin is about to break the $100,000 mark, the truth behind the $300 billion influx of funds
The Trump team's shift in attitude towards cryptocurrencies is injecting new momentum into the market. They are not only considering establishing the first cryptocurrency-related position in the White House but are also looking towards professionals who understand blockchain. Goody Guillén, who has worked on blockchain legal matters at a law firm, has become a popular candidate for SEC chairman, while Cantor Fitzgerald CEO Howard Lutnick, who is responsible for much of Tether's reserves, has been nominated as the new Secretary of Commerce. These appointments signal positive changes.
The performance of the ETF market confirms investors' recognition of this shift. In the past two months, Bitcoin ETFs have seen over $9 billion in net inflows, demonstrating the market's strong confidence in the future of cryptocurrencies. Although progress in the U.S. Congress regarding digital asset regulation remains slow, the clarity of the Trump administration's policy direction seems to be accelerating the path to cryptocurrency compliance.
Behind Bitcoin's approach to the $100,000 threshold is a cryptocurrency market undergoing profound transformation. The influx of institutional funds has not only brought unprecedented liquidity but, more importantly, has provided this once-controversial market with new legitimacy and recognition.
With the Trump administration's positive shift in attitude towards cryptocurrencies and the continuous influx of institutional funds, the Bitcoin market is entering a brand new phase of development. This is not only a milestone in price but could also be a turning point for the entire cryptocurrency market towards mainstream acceptance. At this turning point, we may be witnessing the true dawn of the digital asset era.
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