Following Bitcoin, the price of Ethereum may rise. Such an assumption in a conversation with “Reedus” expressed economist Evgeny Kogan. According to him, the growth of the latter is due to US President-elect Donald Trump’s interest in cryptocurrencies.
“Trump has vowed to fire US Securities and Exchange Commission (SEC) chairman Gary Gensler, who has not approved the launch of a Bitcoin ETF for a decade. Ethereum had difficulty reaching agreement on an ETF. <...> As soon as Gensler leaves, Ethereum may rise as staking issues are resolved,” Kogan explained.
He added that cryptocurrencies are becoming more expensive as people around the world lose confidence in traditional currencies and seek safe havens.
Bitcoin price on the morning of November 21 updated the record and rose above 97 thousand dollars. This is based on data from Binance, the largest cryptocurrency exchange in terms of trading volume.
As of 08:00 Moscow time, the Bitcoin price increased by 5.96% per day, reaching $97,559. Less than an hour ago, a unit cost a thousand dollars less.
How wrote According to Kommersant, the increase in the value of the cryptocurrency is due to expectations that US President-elect Donald Trump will encourage the introduction of more simplified regulations in the cryptocurrency space.
previously economist appreciated Possibility of Bitcoin rising to 100 thousand dollars.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.