Bitcoin hits new price highs as crypto industry scores wins
Blockchain technology allows most cryptocurrencies to exist as “trustless” forms of transactions. This means there is no centralized authority overseeing the transactions on a cryptocurrency’s blockchain. Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins. Mr. McBride works as a consultant for Hickson Capital, a capital markets advisory business.
Institutional Backing Tilts the Scale
Hayes sees Bitcoin’s price action as a structural response to the erosion of financial sovereignty. When the U.S. decoupled the dollar from gold in 1971, it created a global financial system reliant on credit issuance, massive debt accumulation, and central bank intervention. Some analysts argue that Bitcoin is now competing directly with gold as a global store of value. Unlike past cycles, where BTC was dismissed as a tech fad or high-risk bet, it’s now being openly discussed as part of mainstream portfolios.
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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin’s market capitalization to over $2.1 trillion.
The cryptocurrency landscape has evolved significantly, with Bitcoin ETFs now trading on US stock exchanges, offering mainstream investors direct exposure to the digital asset. Major financial institutions, including BlackRock, have recommended portfolio allocations to Bitcoin, while countries like El Salvador https://doceree.com/provider/uncategorized/profit-with-precision-bitcoin-era-full-review-for-smart-crypto-trading/ maintain it as legal tender. Mining operations continue to face scrutiny over their environmental impact, with increasing focus on sustainable energy sources.
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He claimed he wanted the U.S. to become the “crypto capital of the planet” and has said he would use his executive powers to reduce regulatory burdens facing crypto firms. Trump’s election victory sent bitcoin to new record highs, including surpassing $100,000 for the first time, within a month of Election Day. Bitcoin’s growth slowed in the months after Trump’s inauguration, before Trump announced in March the U.S. would establish a digital asset stockpile similar to its gold reserve. Prior to joining Evolve and BTCT, Mr. Lala was Executive Vice President and Head of Retail Markets for Fiera Capital Corporation, a prominent Canadian investment management firm with over $100 billion in assets under management. Mr. Lala co-founded and served as President and CEO of Propel Capital Corporation (which was acquired by Fiera Capital Corporation in September 2014).