Crypto
Bitcoin on Record Hunt: How Trump Fuels the Crypto World
Donald Trump's crypto offensive propels Bitcoin to new heights - and amazes Wall Street
Bitcoin set another record. With an increase of over 3% on Monday, the largest cryptocurrency reached a new all-time high of $106,493, surpassing its previous peak from December 5. This success is no coincidence – the elected US President Donald Trump is emerging as a new beacon of hope for the crypto world.
Trump, Bitcoin, and the Vision of a Crypto Nation
What sounds like a Hollywood screenplay idea is actually taking shape: Trump has ambitious plans to make the USA the leading nation in the field of digital assets. He wants to reverse the strict regulatory policies of his predecessor Joe Biden and revitalize the crypto market with a friendlier regulatory landscape. One proposal has attracted particular attention: Trump wants to build a strategic national Bitcoin reserve. Whether this plan is realistic remains questionable – but the idea alone electrifies the markets.
Aya Kantorovich, co-founder of the crypto platform August, summarizes the mood: "Many expect a much more crypto-friendly government. This hope is massively driving demand for ETFs and other investments in digital assets.
Wall Street Meets Bitcoin: MicroStrategy's Nasdaq Debut
Another coup: MicroStrategy Inc., known for its radical Bitcoin approach, becomes a member of the renowned Nasdaq 100 Index. The software manufacturer has transformed from a tech company into a leveraged Bitcoin fund in recent years. With billion-dollar investments in cryptocurrency, MicroStrategy has not only made a name for itself but also attracted the attention of index funds.
Now that MicroStrategy is on the Nasdaq, index funds will buy its shares – creating capital for even more Bitcoin purchases," explains Sean McNulty, trading director at Arbelos Markets. A classic win-win situation for the company and the crypto community.
The Bitcoin Boom: Records, Euphoria, and the Next Hurdle
Bitcoin has already more than doubled its value in 2024. The current record marks the peak of a seven-week winning streak – the longest series since 2021. Smaller cryptocurrencies like Ether and Dogecoin are also benefiting from this trend.
But analysts warn: The explosive growth could soon face a cooling. Tony Sycamore of IG Australia writes in an analysis: "The recent surge is impressive, but it could soon lead to a correction.
Nevertheless, crypto sentiment remains optimistic. Since Trump's election victory on November 5, over $12.2 billion has flowed into US Bitcoin ETFs alone. An additional $2.8 billion has been raised for Ether products – a clear indicator of continued confidence in the future of the market.
Trump's Crypto Game: Euphoria or Overheating?
Trump has undoubtedly charged the Bitcoin market like a Tesla at the fast-charging station. But the question remains: Is this the basis for sustainable growth or just a brief firework? While investors and analysts are pondering possible corrections, the crypto bulls already seem to be aiming for the next record.
One thing is certain: With a mix of political tailwind, institutional interest, and growing mainstream support, Bitcoin is facing a decisive phase. Whether Trump can keep his promise and truly make the USA the "number 1 crypto-nation" remains exciting — and will occupy the markets for a long time.