$BTC 1. U.S. Regulatory Easing
The department regulating cryptocurrencies in the U.S. is called the SEC. Previously, they always troubled crypto companies, such as suing Coinbase for illegally selling "unregistered securities" (which refers to cryptocurrencies). Now that Trump is in office, the SEC has a new leadership, and the tide has turned! Those previous lawsuits that weren’t considered fraud are likely to be withdrawn, and Coinbase's lawsuit is almost on the verge of being dismissed. Moreover, in the future, companies may be allowed to boldly hold crypto assets. Although new regulations won’t come out immediately, as long as everyone feels that regulation will be relaxed in the future, they will be willing to buy Bitcoin, and the price will naturally rise; if policy advancement encounters difficulties, the price will be in jeopardy.
2. Wars and Tariffs Stirring Up Trouble
Recently, Israel is fighting Iran, and oil prices have surged by 9%, with gold prices soaring to $3,400 per ounce, causing global stock markets to drop. At this time, if someone feels that Bitcoin can serve as a safe haven, they will rush to buy, driving the price up; but if panic escalates and everyone sells off their assets in a frenzy, Bitcoin will also have to drop. Additionally, on June 23, the U.S. will impose a 50% tariff on steel household appliances, which will affect global trade. If the economy is poor, the number of investors in Bitcoin will decrease, and the price will be affected.
3. Industry Movements Should Not Be Overlooked
If large holders like MicroStrategy continue to buy Bitcoin, market demand will increase, and the price will definitely rise. Furthermore, if more and more stores accept Bitcoin payments, or if cross-border transactions can use Bitcoin, then Bitcoin will become even more practical. With more buyers, the price will naturally rise.