Bitcoin maintains its rise amid the optimism generated by the election of Donald Trump as president of the United States, who has promised to create a favorable regulatory environment for cryptocurrencies.
Likewise, the cryptocurrency has surpassed the $100,000 level just after the appointment of Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC) was announced.
In the words of E.ric Demuth, CEO and co-founder of Bitpanda“With Paul Atkins, a strong proponent of cryptocurrencies, as the new SEC Chairman, and current Federal Reserve Chairman Powell, who has recently called Bitcoin “digital gold,” we are seeing a significant step forward. The positive developments of recent years, such as the increase in the adoption of digital assets by retail investors, the regulation of the crypto market in Europe, the cuts in interest rates by central banks and the integration of cryptocurrencies in the traditional financial systems and bank portfolios, are beginning to demonstrate their full potential.
Just this Wednesday, Bitcoin ETFs saw inflows totaling $533 million. The market is eager and prices continue to show an upward trend. The fact that bitcoin reaches $100,000 does not simply represent a number, but a real turning point for the crypto sector.
At this time, The cryptocurrency rises more than 4.02% and is trading at $102,732.6. So far this year, its value has increased by 130%, and more than 45% since Trump’s victory in the US elections was announced on November 6.
A rise that has even allowed us to launch forecasts for the cryptocurrency above $250,000. Javier Pastor, from Bit2Me, recently said that at the end of 2025 he sees this value for the cryptocurrency and “in 2030 we will be over a million dollars. but in the end There are many more factors that will influence it, it could rise much more or it could remain a little more stagnantbut I think we are in a moment of acceleration and I think that apart from all the positive factors and regulatory adoption, funds, etc., I think there is going to be FOMO, I think the market in general is going to turn around and Bitcoin is going to overvalue at a certain moment, but I think we are not at that point yet, we are very soon.”
One of the most notable events for the cryptocurrency was the recent rise in the price of Bitcoin, which surpassed $99,500 for the first time which highlighted the growing adoption and acceptance of Bitcoin as a legitimate form of investment.
In fact, the Bit2Me expert recently recognized that we are facing a before and after in what Bitcoin has meant for any investor’s portfolio. “Bitcoin allows us to protect ourselves from the devaluation of fiat currencies and, in addition, it is a tool that competes as an asset with the rest that we have in the market, be it fixed-income public debt, be it gold, be it real estate, whether variable income…”,
Furthermore, says this expert, if we compare Bitcoin with gold, real estate, fixed income or any other asset, we will see that, despite the fact that there are decisions that can influence its price, the trend is clear. What we are experiencing right now is historic and is the institutional adoption of an asset that was born from scratch and has a capitalization of 1.9 trillion in dollars.with a capital market of 450 billion. Bitcoin is going to capture a lot of wealth that is currently stored in other types of assets.