Bitcoin reaches the new historical maximum thanks to the Genius and Institutional Support Law
by Tina Ting
Published
propagandahe Bitcoin has reached the new maximum historical On Thursday, it was promoted by optimism that the US Congress soon agrees to a bill for “Stablecoin” (stable cryptocurrencies): the genius law, which will be The first organizational framework for the Trump administration.
During the Asian session on Thursday, the largest Cryptodivisis in the world Over 111,000 dollars (98,000 euros) At 05:23 (0Cest), it exceeds the previous historical maximum of more than $ 109,000 (96,000 euros) Created during the opening of President Trump January 20.
The apostasy has been supported not only for legislative progress, but also to The increasing institution of institutionalization. Michael Celor, the strategy, revealed on Monday the purchase of a new bitcoin aggressive of $ 765 million (675 million euros), raising its total possession to more than 63,000 dollars (56,000 million euros). The important financial institutions, such as JPMorgan Chase, Morgan Stanley and Blackrock, have expanded the coded currency offer to their customers.
“Maybe the most important change Who buys. Josh Gilbert, market analyst at Etoro Australia, says this is the first real upscale market in which institutional participation is in the foreground.
The main vote on the stable cryptocurrency in the Senate
“Stablecoins” are encrypted currencies Designed to maintain a stable value by linking To refer to the assets such as the US dollar, the euro, or Raw materials like gold.
On Monday, a group of Democratic Senate members He abandoned his opposition to the lawWhich allowed him to overcome the main procedure vote and increase the hope that the Senate approved this week. The draft law is expected to include provisions aimed at protecting holders of already regular cryptocurrencies Inappropriate use is possible to finance criminal activities Terrorists.
Previously, the draft law was stagnant to his fears Possible conflict of interestsHe is drawn from the participation of President Trump and his family in the encrypted currency. Trump launched his M -currency in JanuaryWhile the Trump family company has supported the launch of a new “Stablecoin”, USD1In March. USD1 is associated with deposits with US dollars and is supported by US Treasury bonds in the short term.
In an interview with “CNBC”, David Sachs, the Caesar Caesar coins for the White House and a Trump advisor in artificial intelligence, said in an interview with “CNBC” that the approval of the bill. It would enhance the demand for public debt to us. “If we submit the legal clarity and the legal framework for this, I think we can create billions of dollars from the request from our treasure bonds overnight,” he said.
Bitcoin exceeds the origins of traditional risks
Bitcoin became One of the most profitable risks of this yearWith an increase of approximately 20 % so far this year. On the other hand, the S&P 500 achieved 0.48 %, while NASDAQ gained 2.7 %. For its part, gold, traditional active shelter, About 21 % rose In the same period.
The public debt auction in the twentieth of the United States revealed on Wednesday Warm requestWhich is rushing the yield of the treasure links. The bond returns are inversely transmitted to prices. The outcome of the auction highlighted interest in investors in the growing burden of Washington, in the midst of the next financial law of Trump.
The market reaction also occurred after Modi’s decision Reducing our credit perspective. Last Friday. The increase in bond revenues caused renewed pressure pressure in all American assets, with shares, dollars and treasures on Wednesday.
Although An impressive recoveryBitcoin is still one of the very volatile financial assets with limited basic support, unlike the procedures, which are based on the advantages of work.
