This week, Bitcoin reached a record price of $118,500, causing a significant rise in stocks of cryptocurrency-related companies.
Historic Week for Bitcoin
Bitcoin set a historic record of reaching $118,500. This surge was driven by changes in monetary policy and unexpected political statements, leading to a sharp increase in stock prices for companies in the crypto-economy.
Success of Coinbase and Strategy
Companies like Coinbase and Strategy saw significant increases in their stock prices in response to Bitcoin's price surge. Coinbase notably increased by 50% since the beginning of the year and formed several large strategic deals. Strategy, having turned into a Bitcoin holding fund, is also attracting investor attention.
Political Factors and ETF Growth
The success of BlackRock's ETF, which has amassed $80 billion, confirms the growing interest in regulated crypto products. Political support, especially from Donald Trump, has significantly influenced the market, creating expectations for further Bitcoin growth.
The current rise of Bitcoin and associated company stocks indicates a significant transformation in the crypto-economy, which is becoming an important component of financial markets.
