Bitcoin has once again crossed the $100,000 level, after falling to $91,000 on Monday, the market is now in bullish mode. Now the biggest question is whether Bitcoin Gold’s $18 trillion market cap will be crossed? And what will be the impact of Trump’s new executive order on the crypto market?
Strong comeback of Bitcoin price
By Monday morning, the price of Bitcoin had fallen to $91,000, but slowly the bulls took control of the market and now it has gone back above $100K. This sudden jump has come due to several factors:
- Trump’s Executive Order: U.S. President Donald Trump has ordered the Treasury and Commerce Departments to create a sovereign wealth fund. There is speculation that this fund can also be used for Bitcoin investments. If this happens, then the price of Bitcoin can go even higher.
- Federal Reserve’s Game-Changer Move: Federal Reserve Chairman Jerome Powell has confirmed a new financial policy shift which is a big deal for Wall Street investors. Its impact is also visible on the crypto market.
- The End of Tariff Tension? Previously the market was in panic due to U.S.-Mexico-Canada trade tensions, but Trump has now announced that tariff threats have been paused for a month. After this announcement, market sentiment has turned positive, which is a big reason for Bitcoin price rebound.
Will Bitcoin Cross Gold’s Market Cap?
If Bitcoin price remains stable above $100K and new institutional investors enter the market, then Bitcoin’s total market cap could reach close to gold’s $18 trillion valuation.
Currently Bitcoin’s market cap is around $2 trillion. If government-backed funds such as the sovereign wealth fund also start investing in Bitcoin, the price could explode even more.
What to expect next?
If Trump’s sovereign wealth fund invests in Bitcoin, the price could become even more bullish.
The Federal Reserve’s new policies could bring liquidity and large investments to the Bitcoin and crypto markets.
The end of the tariff effect is bringing back market confidence, which is giving more strength to Bitcoin bulls.
Final Thoughts
The crypto market is quite unpredictable, but Bitcoin’s return to $100K is a big signal that institutional and government-level investments are now taking Bitcoin seriously. Will the U.S. government really buy Bitcoin? This is a million-dollar question!
What do you think? Where will the price of Bitcoin go now – $150K or back to $90K? Share your views in the comments!