Is it time to invest in cryptocurrencies?

The world of cryptocurrencies has undergone significant changes over the past year and a half, which may lead more investors to reconsider their stance on this asset class, especially regarding Bitcoin, which is considered – despite its novelty – as the 'grandfather' of digital currencies.

What reinforces this trend is that cryptocurrencies have gained wider acceptance from regulatory bodies and major financial institutions, after establishing their position as a financial asset that seems to be here to stay. For example, the U.S. Securities and Exchange Commission (SEC) now regulates exchange-traded funds (ETFs) for Bitcoin and Ethereum, while the cryptocurrency trading platform 'Coinbase' was listed on the 'S&P 500' index, and the stablecoin provider 'Circle' has gone public with its shares.

Politically, Donald Trump's team shows clear support for cryptocurrencies, as the U.S. Department of Labor recently rescinded guidance issued in 2022 that warned 401(k) plan trustees against including digital currencies among the investment options available to plan participants.

With Bitcoin currently trading at over $100,000, and hard work by U.S. legislators to draft clear regulatory laws for this sector.