Five reasons for the Bitcoin record

The Bitcoin is back on record hunt. Monday morning a unit of the best -known cryptocurrency cost $ 123,000 ($ 105,000), twice as much as a year ago. The course crumbled during the day, but initially remained over $ 120,000.

This is all the more astonishing because Bitcoin has suffered from political unrest and trade dispute several times as a risky investment. However, the independence of political developments – originally the core of the Bitcoin idea – is currently being weighted more strongly, Dilin Wu writes from the Pepperstone trading platform in an analysis. However, Timo Emden from the Emden Research analysis house warns: “The smoldering trade dispute can get euphoric investors on the wrong foot at any time.”

The price has been going up steeply for around a week after it had remained relatively quiet for months. “The latest breakthrough is the result of a structural rally,” writes Wu. An important driver is US policy. But there are other reasons – not all of them are sustainable:

Donald Trump as Krypto Fan

The last big boost owes the digital values of the US election last November. Donald Trump had changed from the opponent of the crypto to fan, the scene put huge hopes in the new president and drove the Bitcoin price from almost 70,000 to more than $ 100,000 in a few weeks. There was over there, however, a long sideways movement followed.

The technical analyst Andrew Addison, operator of the “The Institutional View” platform, sees this as “consolidation at a high level” and “last tank stop” before another strong increase. He started the outbreak from the previous trading range last Friday.

At the broker Etoro, one points out that Bitcoins are now kept longer than before: “We are currently observing a persistent interest that is based on structural tributaries and is not based on short -term speculation,” writes analyst Josh Gilbert.

„Crypto Week“ in den USA

As last autumn Washington, the trigger for purchases provides Washington: The House of Representatives advises laws these days that are supposed to massively advance the entire cryptos sector. French Hill, Republican and Chairman of the responsible committee, has highly called out the “Crypto Week”, party friends celebrate a “milestone” and the “golden age” of digital assets. “In the run -up to the upcoming 'Crypto Week' in the United States, the last speculators obviously also become familiar,” says Timo Emden.

Three laws are planned to secure the leadership role for the United States: the Clarity Act should regulate the trade in digital values. So far, there is no such framework in the United States, while in Europe the EU regulation “Markets in Crypto-Assets” (Mica) came into force in Europe.

The second new law is the Genius Act, which will create rules for so -called stable coins. These are crypto values that are covered by a traditional currency – for example the dollar. Bitcoin is not one of them.

Finally, the third law expressly prohibits the creation of a digital central bank currency. While the ECB is working intensively on the digital euro, there should not be a digital dollar. The crypto industry promises a new boom from everything together.

ETF-Boom

In January 2024 the US stock exchange supervision approved funds on Bitcoin. These ETFs immediately depict the spot price of the digital currency. This significantly simplifies crypto investments, which attracts small savers as well as large institutional investors. Bitcoin came out of the niche of the crypto fans.

On Thursday and Friday, according to the Farside Farside, a total of more than $ 2 billion in Bitcoin ETFs from Blackrock and other providers are said to have flowed. Every ETF share sold means demand for Bitcoin.

Buy companies

The tech company Microstrategy – now renamed Strategy – has found a business model that many experts with mixed feelings: company founder Michael Saylor began to create bargress reserves in Bitcoin in 2020. This was followed by several capital increases for further Bitcoin purchases, so that the software developer practically became a Bitcoin investment company-with a corresponding increase in value.

In the meantime, other companies in this strategy are also following and continued to drive up the price with Bitcoin purchases. According to research by the television station CNBC, such companies have bought more Bitcoin in the past three quarters than the ETF operators.

Hope for interest rate reduction

In the past, the interest trend in particular has moved the Bitcoin price. As with gold, the following also applies to cryptocurrency: it does not bring regular income such as interest or dividends. So interest drops if higher interest rates are offered elsewhere. The US Federal Reserve Fed has so far hesitated with further interest rate cuts, but in general it is expected that it will take a step or two this year. That would give Bitcoin security.

However, a risk is already waiting on Tuesday: New US inflation data will provide information on further interest development.

Interest cuts in the United States still have a second effect: the already fallen -fallen dollar course could continue to come under pressure. This does everything that is traded in dollars, more attractive for investors from other currency areas – including Bitcoin. The downside: Europeans who have bought Bitcoin in the past from higher dollar courses now feel the weakness of the US currency.