Bitcoin breaks new record as analysts anticipate surge to $200,000

Bitcoin rose from $ 124,529 to a new record trade in Coinbase on Wednesday evening, but market observers are already waiting for the highest level of all time.

Australia Exchange Coinstash’s founding partner Mena Theodorou said that US President Donald Trump’s order to allow Bitcoin and other crypto currencies to be part of people’s retirement plans will open a $ 12.5 trillion market for digital assets.

“Movement towards 150,000 dollars and beyond, may come faster than many people expect,” Theodorou said. DL News.

Theodorou unlocks US 401 (K) S, indicates that crypto companies will not only serve 90 million accounts, but also indicate that other countries can follow.

“Where the United States is led, the rest of the world usually follows,” he said.

Theodorou is not a single rise in the rally that raises the price. Bernstein, Bitwise and Standard Chartered All estimation The price will reach $ 200,000 before the end of the year.

Apart from Trump’s executive order, he directed various factors to the rally.

Analysts, Spot Bitcoin stock market investment funds constantly flowing, treasures to add crypto currency and weakened US dollar, Bitcoin’s high price, the high price, is the main driving forces that lead to US inflation, which is colder than expected.

Crypto liquidity provider Zerocap analyst Emir Ibrahim, Surge’s “Past Taurus Runs from the retail guided Hype of the corporate adoption, real world integration and deep global liquidity transition to a market,” he said.

Another important driver is the expectation that the Federal Reserve will deduct a jumbo ratio in September.

US Treasury Secretary Scott Bessent Foxes The Fed starts a lightening cycle with a rate of 50 basis points next month.

Low interest rates support risky assets such as crypto by making capital cheaper and pushing investors from bonds to higher fertile alternatives.

Bitcoin is not the only crypto currency that benefits from these drivers. Ethereum also stayed this week. It reached $ 4,788 on Wednesday, just $ 100 from the highest level of all time in 2021.

• Bitcoin increased by 1.5% in the last 24 hours and traded at $ 121.765.

• Ethereum increased by 2.3% to trad at $ 4,734.

Lance Datskoluoo is a DL News’ European -based market reporter. Do you have a clue? Send by e -mail Lace@dlnews.com.