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Bitcoin is already worth over $100,000
05.12.2024 09:17
Bitcoin, as many experts predicted, has already crossed the $100,000 mark this year.
Thus, the world's main cryptocurrency set another historical record.
As reported by the TASS agency, citing data from the Binance cryptocurrency trading platform, as of half past five in the morning (Belarusian time) on December 5, 2024, Bitcoin was at $101,000.
And as of nine o'clock this morning, Bitcoin was trading at around $102,635.
Forecast
Over the past month, its value has increased by 47.63%, meaning it has risen in price by $33,060.
Earlier, analysts admitted the possibility that, continuing its rapid rise, Bitcoin would reach $300,000.
At the same time, they did not rule out the possibility of corrections, which would imply small declines at some points.
Trump's Influence
Experts say that one of the main drivers of Bitcoin's crazy growth is the promise of US President-elect Donald Trump to transform the American economy into a global cryptocurrency hub.
Also, in their opinion, Trump's promise to review the current regulatory policy of the Securities and Exchange Commission has a positive effect on the Bitcoin rate.
In addition, the Republican's promise to form US reserves from bitcoin seriously invigorates the locomotive of digital banknotes.
Investors
Experts say that an equally significant factor for the growth of the latter is that during periods of heightened international political tensions, investors often view cryptocurrency as a defensive asset.
In an attempt to protect themselves from the volatility of traditional markets, they are increasingly including Bitcoin and other cryptocurrencies in their portfolios as part of diversification.
