Bitcoin exceeds the threshold of $86,000while the dollar strengthens, reaching the highest levels since June compared toeuro. Furthermore, Tesla – the company of electric cars Of Elon Musk – exceeds one trillion euro of capitalisation.
The return of the “Trump Trade”
The so-called “Trump trade” represents a repositioning of investors on securities that could benefit from the new scenario politico and give it global balances evolving. An emblematic case concerns precisely the bitcointhe most famous of the crypto-asset. In the past, the central banks and international regulations had warned against this type of investment, considered to have no real value and highly volatile. However, with the election of Trump, a change of direction is looming.
Trump’s promise and the role of Elon Musk
During the campaign, Trump promised a “strategic reserve” of bitcoinwith the intention of putting the United States at the center of theinnovation in the field digital financial. Furthermore, Elon Musk has expressed his support for the proposal to abolish the Federal Reserve. These events, which in the past would have destabilized the markets, now appear to represent an opportunity for investors.
Historic record for Bitcoin and value of the crypto market
The renewed interest brought the bitcoin to a new historic high, exceeding $86,000, with the derivatives market predicting a possible achievement of $100,000 by the end of the year. Thanks to today’s leap, the cryptocurrency market has once again reached an overall value of over 3,000 billion dollars, for the first time in the last three years.
The political implications and the role of the League
In Italiathe Lega is proposing amendments to reduce the tax rate on crypto-assets from 42% to 26% and establish a permanent table among the main representatives of the sector.
The influence of ETFs and institutional support
The introduction of ETF by the SEC has stimulated robust institutional demand for bitcoinwhich has recorded an increase of 95% since the beginning of the year. This tool made the bitcoin a more accessible investment, with superior returns oro e purse. The regulation, although less stringent than the European one, continues to be the subject of discussion.
The future of the dollar and the policies of the ECB and the Fed
Il dollar continues to strengthen, and some analysts predict possible parity with the euro in the coming months. This scenario, combined with tensions over cryptocurrencies, represents a challenge for central banks. The Fed and the BCE are already facing complex decisions on interest rates, with the ECB likely to cut to 3% in December, in a bid to stimulate growth in the euro area and counter any inflationary pressures arising from a weak euro.
