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Virtual assets, which had been a neglected area under the Joe Biden administration, have made a spectacular comeback in the Trump 2.0 era. Bitcoin has soared as if with wings since Trump’s election, and is on the verge of breaking its all-time high, surpassing $97,000 (approximately KRW 130 million) on the 21st. Altcoins, including Ethereum, are also showing strength with double-digit growth rates. Experts who gave lectures on Money Show+ recommended incorporating it into asset portfolios, saying that major institutions will continue to raise their targets.
According to Korbit Research Center Director Choi Yun-young and WonderFrame CEO Kim Dong-hwan, the current Bitcoin is in a state of double good news, with both internal factors and the external environment being positive. Internal factors include the inflow of institutional funds following the launch of the Bitcoin spot ETF and the increase in scarcity due to the halving. The external environment includes favorable policy variables such as the abolition of the Biden administration’s virtual asset regulation policy following Trump’s election, the prospect of designating Bitcoin as a strategic reserve asset, and the appointment of a virtual asset policy advisor.
Yoonyoung Choi, head of Korbit Research Center, is paying particular attention to the inflow of institutional funds. He said, “The Norwegian sovereign wealth fund, known for its conservative asset management, is also increasing its investment in Bitcoin,” and “Regardless of whether the Trump administration’s policies are realized, the inflow of funds from institutional investors will continue.” Center Director Choi suggested a target price of Bitcoin rising to a maximum of $130,000 by the first half of next year.
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Kim Dong-hwan, CEO of WonderFrame, also agreed with the opinion that Bitcoin’s upward trend will continue. He particularly paid attention to Bitcoin’s fourth halving, which took place last April. A year after the halving, Bitcoin showed strong performance without exception, and it is expected that this will happen again this time. CEO Kim said, “The price increase was noticeable within 6 to 18 months after the halving,” and added, “This halving will also be repeated without fail.”
However, CEO Kim said that we must be careful about adjustments due to the recent surge. It is pointed out that we need to look at the market value to realized value ratio (MVRV) used in Bitcoin price analysis. He said, “If the MVRV is over 2.8, it is considered overheating. It has recently been nearing 3, and if it gets too high, profit taking should also be considered.”
Altcoins other than Bitcoin are also expected to benefit from Trump’s election. This is because the regulation-oriented policies of the U.S. Securities and Exchange Commission (SEC) are expected to be abolished in the Trump 2.0 era. In addition, the number of cases of institutional investors investing in altcoins through products such as ETP is increasing recently. Center Director Choi said, “We can confirm that interest from institutional investors has increased in Solana among altcoins,” and said that the outlook for coins with increasing institutional supply and demand is strong. CEO Kim said, “The number of products investing in altcoins is increasing not only in the New York stock market but also in Europe,” and added, “It will be good to watch in the future as Aptos, which has recently shown strength, has also risen for this reason.”
Meanwhile, all speakers urged caution regarding meme coins, which are attracting attention in some quarters of the virtual asset industry. This is because the purpose of use is not clear and there is a strong tendency to attract attention by taking advantage of the Trump presidential election fever. CEO Kim said, “Mem coins have no intrinsic value (fundamentals), but are an investment vehicle that focuses on investment sensibility (sentimental),” and added, “If you cannot handle high volatility, it is best not to invest.”
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**How did the 2016 U.S. presidential election affect the price of Bitcoin?** [[1](https://apnews.com/article/bitcoin-crypto-donald-trump-election-c2e2a1a895288c5e9c0df2721012a5bb)]
## World Today News Interview: Bitcoin’s Surge and the Future of Crypto
Welcome to World Today News. Today, we’re discussing the recent surge in Bitcoin and the future of cryptocurrency following Trump’s election victory. We have two esteemed guests joining us:
* **Mr. Choi Yun-young,** Director of the Korbit Research Center,
* **Mr. Kim Dong-hwan,** CEO of WonderFrame
Gentlemen, thank you for joining us. Let’s begin.
**Section 1: The Trump Effect on Bitcoin**
* **Interviewer:** Mr. Choi, the article highlights a “double good news” scenario for Bitcoin right now. Could you elaborate on the specific policy variables that have contributed to this optimism since Trump’s victory?
* **Interviewer:** Mr. Kim, the article mentions the abolition of Biden’s virtual asset regulation policy. What are your thoughts on the potential impact of Trump’s policies on the overall cryptocurrency landscape beyond just Bitcoin?
**Section 2: Institutional Investment and Bitcoin’s Future**
* **Interviewer:** Mr. Choi, you mentioned the growing institutional interest in Bitcoin, citing the Norwegian sovereign wealth fund as an example. How significant do you believe this institutional shift is for mainstream adoption of Bitcoin?
* **Interviewer:** Mr. Kim, you predicted a strong performance from Bitcoin following its fourth halving. Do you see this becoming a recurring trend, and how might this influence the strategy of long-term investors?
* **Interviewer:** Both of you mentioned the importance of the MVRV ratio. Could you explain what this ratio signifies and why it’s crucial for investors to keep an eye on it during these periods of rapid price growth?
**Section 3: Altcoins and Meme Coins**
* **Interviewer:** Mr. Choi, the article highlighted increasing institutional interest in altcoins like Solana. What factors do you think are driving this shift, and which altcoins might benefit the most from the current favorable regulatory environment?
* **Interviewer:** Mr. Kim, you cautioned against meme coins. What are the key risks associated with these types of investments, and how can investors differentiate between genuine opportunities and speculative bubbles?
**Conclusion:**
* **Interviewer:** Thank you, gentlemen, for sharing your insights. It’s clear that the cryptocurrency landscape is evolving rapidly. What final thoughts or advice would you offer to our viewers who are considering entering the world of crypto investing?
