Zhitong Finance APP learned that the price reached a record high on Wednesday at a record high on Wednesday, which once soared to more than $ 93,400 in Wednesday.Rising currency.
As the worlds largest cryptocurrency, Bitcoin played a core role in this fluctuation of this "Trump market". Since the election date30%.Since the beginning of this year, the price of Bitcoin has been doubled.
Investors have poured to Bitcoin and other digital assets. It is generally believed that Trump will fulfill his encrypted campaign commitment.Trump proposed to set up the Presidential Consultation Committee to fired Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), and established the "National Bitcoin Strategic Reserve".
In addition to Bitcoin, other cryptocurrencies have also risen on Wednesday, including , Sorana, and even dog coins.After Trump announced that (Tsla.us) CEO Mask and former Republican presidential candidate Vivek Ramaswamy will be in charge of the newly established "government efficiency department", the dog coins soar, andThe English abbreviation of the department is "DOGE".
The rise of Bitcoin on Wednesday seems to be mainly concentrated in the cryptocurrency field, which is different from the previous situation.Contrary to Bitcoin to a new high, encrypted stocks such as Coinbase (Coin.us) and Robinhood (HOOD.US) have not risen simultaneously, and it seems that it has stopped after the early rise.On Wednesday, Coinbases stock price fell about 2%, and Robinhood was basically flat.
Although some investors lock the target price of Bitcoin at $ 100,000, Wall Street analysts still warn the "speculative" feature of cryptocurrencies, thinking that they cannot be like big as bigMost stocks are valued by profit or future cash flow.
"We continue to regard encrypted assets as speculative transactions, not strategic investment in the investment portA report pointed out.
She added: "We have a meaningful and disruptive application of crypto assets in the real world, and these assets may significantly increase the volatility of the investment portfolio."
UBS emphasized that since 2014, Bitcoin has experienced more than 70%of major retracements, which takes an average of three years each time.
