Bitcoin crossed the $95,000 mark (84,000 francs) for the first time on Thursday, still carrying the “Trump effect”, with the market anticipating more flexible legislation and economic policies that would be favorable to it under the future. American administration.
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The largest cryptocurrency by capitalization exceeded this level around 2:24 a.m. (Swiss time), reaching a new record at 95,004.50 dollars (84,000 francs). Bitcoin then moderated its gains and was trading at 94,463 dollars (83,400 francs) around 2:30 a.m. (Swiss time).
Since Donald Trump’s victory on November 5, the value of bitcoin has increased by around 35%.
After surpassing its record from last March, the digital currency rose above 80,000 dollars (70,000 francs) on November 10 and then 90,000 dollars (79,500 francs) on November 13.
“Phenomenal” valuation
“Bitcoin is on its way to a phenomenal valuation of $100,000 (88,300 francs), driven by growing confidence that the Trump administration will usher in a favorable era for cryptocurrencies, and speculators are rallying behind this story, fueling the market frenzy, observed Thursday Stephen Innes, analyst at SPI Asset Management.
Among the measures expected from the cryptocurrency sector, that of a strategic reserve of bitcoins in the United States, mainly made up of tokens seized by the courts, and which could push other countries to grant more legitimacy to this virtual currency.
To constitute it, the American government would undertake to no longer sell the bitcoins already in its possession, mainly seized in the context of legal cases.
The president-elect also promised to drastically ease regulations on the digital currency sector, certifying that he would make the United States “the world capital of bitcoin and cryptocurrencies”.
In particular, he vowed to replace Gary Gensler, the boss of the policeman of American financial markets, the SEC, hated by a sector which criticizes him for a repressive approach.
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