After the latest U.S. Consumer Price Index (CPI) report showed a 2.9% year-over-year rise in prices, Bitcoin’s price went up by 2.7% and now stands at $98,863. This inflation rate is higher than the Federal Reserve’s goal of 2%. It is likely to have an effect on future interest rate decisions, which could hurt investments in cryptocurrencies. Bitcoin is attractive to buyers all over the world because it is resistant to changes in the economy as a whole. This makes it a better way to protect against inflation.
Coming from Barron’s
Expected Changes in Policy Under the New SEC Leadership
The new Trump government will likely make changes that are good for crypto, and Paul Atkins is likely to be in charge of the SEC. Because of the new leadership, current crypto enforcement cases may be looked at and possibly put on hold. The goal is to make the rules about cryptocurrencies as securities more clear. Even with these positive changes, the government stresses that people are responsible for crypto fraud. This is to make sure that there is a balance between new ideas and rules.
Reuters is the source.
Bitcoin’s Growth Potential If Policies Are Favorable
Analysts think Bitcoin’s value will go up as much as $400,000 because of the crypto-friendly policies that Trump is likely to implement. People are hopeful because regulators have promised to stop being so strict and make a strategic Bitcoin hoard. Bitcoin’s value has already grown by 120% in 2024, thanks to Trump’s election win and positive policy comments. This kind of progress points to a bright future for cryptocurrency markets.
The Australian is the source.
