At 12pm in Lisbon, bitcoin was quoted at 82,208.32 dollars, 2.20% more than on Friday (80,438.56 dollars) and after having previously reached a new record of 82,387.52 dollars.
With today's rise, bitcoin has accumulated seven sessions of growth and successive historical highs, driven by the return to the White House of Trump, a great supporter of this type of digital asset.
Analyst Javier Cabrera cited by Efe explains that bitcoin has soared around 20% since November 5th, when the US presidential elections took place, which were won by Trump, who, as he recalls, has shown an open position in this market, unlike in 2016, when he was completely opposed.
Experts at eToro, also cited by Efe, also claim that the prospects, following the Republican victory in the US, are favourable for the cryptocurrency sector, as the Trump administration promises a more favourable regulatory framework.
“Measures such as a ‘stablecoin’ bill, a redefinition of ‘cryptoassets’ to avoid strict securities regulations, and possible changes in the direction of the U.S. Securities and Exchange Commission (SEC) are expected to facilitate adoption”, they add.
With this expectation of greater regulatory clarity, the same analysts note, bitcoin is reaching new highs, driven by institutional interest and growing appeal as a safe haven asset against inflation.
“The prospects of expansionary fiscal policies and a potential rotation towards bitcoin against gold consolidate its value as a strategic asset”, they conclude.