A researcher from Riot analyzed the budget for 2025 proposed by the Joe Biden administration. According to his interpretation, the White House can expect that by 2034-2035, the price of bitcoin will reach $ 250,000, and the mining industry in the United States will increase tenfold. Pierre Rochard, vice president of the research department at Riot, shared his findings on Twitter, noting that the budget analysis suggests such prospects based on taxes and regulation. However, he cautions that there is no direct indication of a specific price in the document.

In addition, Roshar believes that the mining industry in the United States can experience significant growth, thanks to the active development of the market and an excess of electricity. An important event in the world of cryptocurrencies was the support of bitcoin by former US President Donald Trump, who is once again a candidate for the presidency. In an interview with CNBC, Trump confirmed the start of accepting donations in bitcoin for his election campaign, noting the convenience of transactions and his success in investing in cryptocurrency.

A number of financial reports are expected to arrive from the United States in the coming days, including data on consumer and industrial prices, as well as unemployment. These reports will have an impact on the decision of the Federal Reserve System (FRS) regarding the key interest rate, which is also expected in March. A FRS rate hike may affect traditional financial markets and cause a redistribution of capital between different assets.