Expectations
The cryptocurrency market has been very dynamic, and Bitcoin, as the largest cryptocurrency by market capitalization, is at the center of attention.
Key Recent News
* Record High for Crypto Market Capitalization: Last Friday, the global cryptocurrency market capitalization reached a record $4 trillion, consolidating the sector as an important investment option.
* Approval of the Stablecoin Act in the U.S.: The U.S. House of Representatives passed a historic bill that establishes a regulatory framework for stablecoins, which was signed by President Donald Trump. This has generated optimism and clearer regulatory signals.
* Institutional Investment: There has been an increase in the influx of institutional capital. For example, President Trump's media company acquired $2 billion in Bitcoin, and a growing number of public companies are allocating Bitcoin to their treasuries as a long-term store of value.
* Spot Bitcoin ETFs: The launch of spot Bitcoin ETFs in 2024 was a significant catalyst, attracting institutional and retail investors, which significantly boosted the price.
* Bitcoin Halving: In April 2024, the Bitcoin halving occurred, an event that historically precedes significant price increases due to the halving of the reward for miners and the consequent decrease in new coins in circulation.
* Political Context: President Trump's pro-crypto stance and his promises to create a friendlier environment for the sector have contributed to market optimism.
* Adoption and Risks: While adoption is growing, surveys in the U.S. show that cryptocurrency ownership remains a niche, with 14% of U.S. adults owning cryptocurrencies. Concerns about risks and volatility persist, with an increase in scams and kidnappings related to cryptocurrencies.
