He bitcoin price hit a new all-time high on Wednesday, surpassing USD 93.400 in a session marked by the enthusiasm of investors after the recent triumph of Donald Trump in the presidential elections. Since election day, the value of the world’s largest cryptocurrency has increased by more than 30%. At the time of publication of this note, Bitcoin was trading around USD 90.900 according to data from Coinmarketcap.
Analysts link this rally to the so-called “Trump trade,” which is boosting multiple financial assets. After his victory, Trump generated expectations in the crypto market by suggesting that he could fulfill his campaign promises favorable to this sector. Among the president-elect’s proposals, the possible creation of a Presidential Advisory Council on cryptocurrencies and the firing of the current Chairman of the Securities and Exchange Commission (SEC), Gary Gensler. Furthermore, there is speculation about the formation of a Bitcoin strategic national reserve.
The sharp rise in the price of Bitcoin was not limited to the leading cryptocurrency. Others like ethereum, solana and even the popular dogecoin They also recorded significant increases. In particular, dogecoin saw a surge after Trump announced that Elon MuskCEO of Tesla, and Vivek Ramaswamyformer presidential candidate, would be in charge of a new “Department of Government Efficiency,” ironically nicknamed DOGE.
Unlike other days in which movements in cryptocurrencies impacted actions related to the sectorthis time the crypto company shares as Coinbase y Robinhood They did not accompany the upward trend of Bitcoin. In Wednesday’s session, Coinbase was down about 2%, while Robinhood was unchanged.
The optimism of the crypto market contrasts with the warnings of several analysts who continue to consider these assets as highly speculative investments. From UBS Global Wealth Managementthe investment director for the Americas, Usual Marcellinoted in a note cited by Yahoo Finance that, although Bitcoin and other cryptocurrencies are experiencing a boom, they remain high-risk operations. According to Marcelli, “we see cryptoassets more as a speculative bet than as a strategic investment in portfolios.” Likewise, he warned that cryptocurrencies add significant volatility to any investment portfolio.
From 2014Bitcoin has experienced three major falls higher than 70%according to UBS analysis. On average, recovery from these crashes took about three years. Despite the current bullish momentum, Bitcoin’s history of volatility continues to be a factor causing caution among more conservative investors. However, those betting on cryptocurrencies are confident that the more favorable regulatory environment under a Trump administration could provide new momentum in the long term.
Furthermore, the proposal of a Presidential Advisory Council specific to the crypto sector, as well as the possible dismissal of Gary Gensler as SEC chairman, could pave the way for more regulation permissive. Gensler, who was appointed by the previous administration, has taken a critical stance toward cryptocurrencies and promoted actions against several exchange platforms. This change in regulatory leadership could further encourage investors, who are already taking positions in a market that points to a price of USD 100.000 por Bitcoin.
Despite the enthusiasm, Wall Street remains divided over the future of cryptocurrencies. Some traders project that if Trump’s pro-crypto policies materialize, Bitcoin could quickly surpass the USD 100.000. However, other experts emphasize the intrinsic risks and they warn that the market remains susceptible to abrupt changes.
The price behavior of Bitcoin and other cryptocurrencies has also had a differentiated impact on the markets. stocks and bonds related. Despite the increase in the price of the digital asset, the equity markets They did not replicate the optimism. For their part, the sovereign bonds In emerging markets, such as Argentina, they continue their own trajectory influenced by local political and economic factors, without necessarily following the euphoria of the crypto sector.
Recent movements in the price of Bitcoin and enthusiasm around a more regulatory framework cripto-friendly coincide with a growing interest on the part of investors seeking to protect themselves against the macroeconomic uncertainty. However, warnings about speculative nature of these assets persist, with experts reminding investors of the need for caution in the face of potential market corrections.
