Despite the celebrations at the Christmas party hosted by “Anthony Pompliano” in New York last week, the market situation was quite different. “Bitcoin” lost about a quarter of its value from its peak of nearly $126,000 in October, reaching about $84,000 at the beginning of the week, then recovered slightly to about $89,000, a trajectory that worries investors.
This decline comes despite clear political and regulatory support from the administration of US President “Donald Trump,” which during the year took a series of “historic” measures in favor of the cryptocurrency industry, starting with the appointment of pro-cryptocurrency figures to regulatory bodies, issuing pardons for those convicted in cryptocurrency-related cases, and culminating in a plan to create a national reserve of “Bitcoin.” Estimates also indicate that the “Trump” family made profits exceeding one billion dollars before taxes from its investments in this market, according to the “Financial Times.”
However, “Bitcoin” has fallen by about 4% since the beginning of the year, while US stocks continued to rise, driven by the boom in artificial intelligence, which reinforces investors’ feeling that the momentum of cryptocurrencies is not yet keeping pace with the rise in risk appetite in other asset markets. (CNBC)
