Cryptocurrency bitcoin hits another record high
In addition to increasing demand from corporate investors, Bitcoin has reached the highest level of all time with the friendly policies of US President Donald Trump’s administration.
In March, Trump signed an executive order to create a strategic reserve of crypto currencies.
He also appointed several crypto -friendly individuals, including the securities and the stock market commission Paul Atkins and the White House Artificial Intelligence Tsar David Sacks.
Trump’s family businesses also entered crypto currencies.
According to a SEC file on Tuesday, Trump Media & Technology Group wants to start the stock market investment fund that will invest in more than one crypto coin, including Bitcoin.
The world’s largest crypto currency rose to a new record level with US $ 113,734,64.
Bitcoin on Wednesday evening has exceeded $ 112,000 for the first time since it first arrived 15 years ago.
Timo Emden from Emden Research wrote that the hopes of great progress in the tariff conflict between the US and the main trade partners carries the market and increases the willingness of taking risks.
“Bitcoin’s last rise is not a coincidence, L Lukas Enzersdorfer Konrad, Deputy General Manager of Bitpanda, the largest crypto currency broker in Europe, said.
The increase attributed to positive macroeconomic conditions and an ongoing increase in the interest rates of corporate investors.
Bitcoin reached US $ 112,000 in May before falling again.
In 2009, Bitcoin was introduced to the market by an unknown person using the name Satoshi Nakamoto.
It is managed by a global computer network instead of being given by a central bank.
The operations are performed by Blockchain, a public and safe database.
The crypto currency is to find a similar use as a speculation and a value store.
The maximum number of bitcoins is limited to 21 million, which is an unchanged figure.
The boundary aims to prevent inflation and secure the long -term value of the crypto currency.
Bitcoin’s value in the US dollar has increased by 21 percent this year.
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