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Bitcoin and the euphoria of the market
In recent months, Bitcoin has shown an extraordinary trend, rapidly approaching the psychological threshold of 100,000 dollars. This phenomenon has been fueled by a series of events, including the election of Donald Trump to the American presidency, which has generated a climate of optimism around digital currencies. Since then, the value of Bitcoin has increased exponentially, from about 70 thousand dollars to almost 99 thousand dollars, with an increase of 130% in 2024 alone
.
The promises of deregulation
One of the key factors that pushed Bitcoin upwards is the promise of deregulation of the cryptocurrency market. Investors are attracted by the possibility of a more favorable environment for digital currencies, which could lead to a further rise in prices. However, analysts warn that the real test will come when Bitcoin hits the 100,000 dollar mark. David Pascucci, market analyst for XTB, points out that, despite the recent rise, the trend remains strong and shows no
signs of weakness.
Market volatility and risks
Despite optimism, volatility remains a constant in the cryptocurrency market. Pascucci warns that, although the current trend is bullish, significant downward movements could occur in the future. The current situation of the Forex market, characterized by geopolitical tensions and negative economic data, could also influence Bitcoin. Investors need to be aware of the risks associated with this asset, which is considered to be highly speculative.
The warnings of the supervisory authorities
At a recent conference, Federico Cornelli, commissioner of CONSOB, raised an alarm regarding the risks associated with investments in Bitcoin. He emphasized that these instruments are highly speculative and that investors must be prepared to lose their capital. It is essential that those who invest in cryptocurrencies understand that there are no guarantees of reimbursement in the event of losses. CONSOB continues to monitor the cryptocurrency market and to provide guidance to investors to protect them from potential scams and
financial losses.
