The elected president expressed his support for cryptocurrencies and promised changes in regulations, proposing the creation of a national strategic reserve of Bitcoin. This reserve, similar to the United States' oil reserve, would allow for the purchasing and investment in cryptocurrencies as a national security measure.
So far this year, Bitcoin has increased in value by nearly 96%, driven by the growing demand for dedicated ETFs and reductions in interest rates by the Federal Reserve. In recent days, it has accumulated a rise of over 30%, currently trading above $87,500 and reaching a market capitalization of $1.731 trillion.
After hitting a low of $38,000 this year, Bitcoin continues its bullish rally, being considered the eighth most valuable asset in the world. Donald Trump's victory in the U.S. elections has further boosted its value, as it is expected that the new president will continue to support this cryptocurrency and promote the development of the sector in the country.
During the campaign, Trump showed favor for cryptocurrencies, declaring that the United States will become the "World Capital" of these types of assets. This endorsement has created an optimistic climate in the crypto market, with investors anticipating a promising future for the sector under the elected president's administration.
On the second day of the week, Bitcoin experienced an increase of nearly 7%, reaching a value of $87,700. This rise significantly outperforms returns from other traditional investments, such as stocks and gold, solidifying Bitcoin's position as an attractive asset in the financial market.
