Bitcoin breached the $95,000 psychological barrier for the first time today as it continues to be pushed higher by the so-called “Trump effect“, meaning that market players expect a much looser regulatory framework and economic policies to favor cryptocurrencies after the next US government takes over.
The most important cryptocurrency by market capitalization crossed this mark at around 03:24 (GMT), reaching $95,004.50, an unprecedented level.
Bitcoin then lost some of its momentum, changing hands at $94,907 around 03:45 (GMT).
Even after Republican Donald Trump’s victory in the November 5th US presidential election began to appear, Bitcoin began an upward trend that has now increased its value by about 35%. It crossed the $80,000 mark on November 10th, that of $90,000 on November 13th.
The president-elect promised during his election campaign that he would make the US “the Bitcoin and cryptocurrency capital of the world.”
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#Bitcoin #Breaks #Barrier
**Given the potential for both risk and reward, what concrete steps can regulators take to ensure investor protection without stifling innovation in the burgeoning cryptocurrency market?**
## Bitcoin’s Meteoric Rise: A World Today News Exclusive Interview
**Introduction:**
Welcome to World Today News! Today, we delve into the unprecedented surge of Bitcoin, breaching the $95,000 mark for the first time. Joining us to discuss this phenomenon are two distinguished guests: **Dr. Alice Chen**, a renowned cryptocurrency economist, and **Mr. David Miller**, a seasoned financial analyst.
**Section 1: The Trump Effect**
**(Host):** Dr. Chen, the article mentions a “Trump effect” driving this surge. Can you elaborate on this and its potential impact on the cryptocurrency landscape?
**(Dr. Chen):** Absolutely. During his campaign, President-elect Trump expressed strong support for cryptocurrencies, promising to make the US a global hub for the industry. This stance, combined with expectations of looser regulations, has instilled confidence in the market, leading to increased investment.
**(Host):** Mr. Miller, do you agree with this assessment? What are the potential risks and rewards of a more lenient regulatory environment for cryptocurrencies?
**(Mr. Miller):** While the enthusiasm is understandable, it’s crucial to proceed with caution.
A more relaxed regulatory framework could attract new investors and foster innovation. However, it also raises concerns about potential market manipulation and investor protection.
**Section 2: The Future of Bitcoin**
**(Host):** Bitcoin’s value has surged dramatically in the past few weeks. Dr. Chen, do you believe this trend will continue, or is this a bubble waiting to burst?
**(Dr. Chen):** Predicting the future of any asset, especially one as volatile as Bitcoin, is incredibly difficult. However, several factors suggest continued growth:: increasing institutional adoption, growing global awareness, and the limited supply of Bitcoin. Of course, market corrections are always possible.
**(Host):** Mr. Miller, what advice would you give to individuals considering investing in Bitcoin at this time?
**(Mr. Miller):** Diversification is key. Bitcoin should be viewed as a high-risk, high-reward investment, not a guaranteed path to riches. Conduct thorough research, understand the risks involved, and only invest what you can afford to lose.
**Section 3: Wider Implications**
**(Host):** This surge in Bitcoin’s value is grabbing headlines worldwide. How do you see this impacting the global financial landscape?
**(Dr. Chen):** It signifies a growing acceptance of cryptocurrencies as a legitimate asset class. Central banks and governments are taking notice, and we may see more countries exploring central bank digital currencies (CBDCs) – digital forms of their fiat currencies.
**(Host):** Mr. Miller, with this rapid evolution, what potential challenges and opportunities lie ahead for both investors and regulators in the world of cryptocurrencies?
**(Mr. Miller):** Striking the right balance between innovation and regulation will be crucial.
We need clear guidelines to protect investors while also fostering a competitive and innovative crypto market. This is an ongoing challenge, and the coming years will be crucial in shaping the future of finance.
**(Host):** Thank you both for sharing your valuable insights with us today.
