Since the victory of Donald Trump In the run-up to the US presidential election on November 5, Bitcoin is experiencing a meteoric rise. This Thursday, November 21, the most famous cryptocurrency crossed the symbolic threshold of $95.000 for the first time, reaching a new record of $95.004,50 at 2:24 a.m. (Paris time). Although its value fell slightly shortly afterward, Bitcoin remained firmly established at $94.907 at 2:45 a.m.
A 35% jump in two weeks
Since the beginning of November, bitcoin has recorded a spectacular increase of 35%. After surpassing its previous record last March, it crossed the $80.000 mark on November 10, then the $90.000 mark three days later.
This new surge in bitcoin, dubbed the "Trump effect," is driven by investors' expectations of favorable policies for cryptocurrencies under the president-elect's administration.
A race towards $100.000
Stephen Innes, an analyst at SPI Asset Management, highlights the market's enthusiasm: "Bitcoin is on track to hit the phenomenal $100.000 mark. Investors are betting on an era of more lenient regulation and increased recognition of cryptocurrencies thanks to Donald Trump's promises."
One of the key measures expected by the sector is the creation of a strategic reserve of bitcoins by the US government. This reserve would be funded by tokens seized in legal cases, which would no longer be resold, thus consolidating their value. If this initiative comes to fruition, it could encourage other nations to give more legitimacy to bitcoin.
Towards a “Bitcoin World Capital”?
Donald Trump has also promised to radically ease regulations on cryptocurrencies. He has pledged to make the United States “the bitcoin and crypto capital of the world,” a statement that has excited industry players. Among his commitments is replacing Gary Gensler, chairman of the Securities and Exchange Commission (SEC), who has been criticized for his repressive approach to digital assets.
This backdrop is fueling a speculative frenzy in bitcoin, as international investors rally around the prospect of a Trump administration that embraces innovation in digital currencies. Whether this momentum will continue remains to be seen, but for now, optimism reigns and the $100.000 mark seems within reach.
