Bitcoin was in a narrow price zone at the beginning of the month and the interest of investors was rather lower – holiday. Things have begun to happen in the last days, when probably after returning from the celebration of the American Independence Day, the market began to absorb the adoption of Trump's «Big Beautiful Bill», as it calls it.
This could cause an increase in federal deficiency by $ 3.4 trillion over the next ten years. The expectations of the growing indebtedness of the US government lead investors to greater interest in cryptocurrencies due to concerns about the degradation of the dollar. On Wednesday, Trump also announced a new import duty that affects rather less important US business partners. Bitcoin touched a record limit of $ 112,000 at night from Wednesday to Thursday, when its price was around $ 108,000 on Monday. It seems that bitcoin could settle in the band between $ 110,000 and $ 120,000 after some correction. There is an interest in investors to buy, but also the expectations of another positive impulse. In the summer I expect to achieve additional price records.
Martin Stránský Founder & CEO of Bit.plus investor, innovator and founder and director of the leader of the Czech Bit.plus cryptocurrency market (part of WBTCB). Its aim is to popularize cryptocurrencies and persuade conservative investors to include them in the portfolio. Bitcoin and other currencies consider primarily an investment opportunity. Bit.plus reported a turnover of 1.5 billion crowns last year. In addition to cryptocurrencies, it also offers investment in digital gold. The company operates 440 sales points in the Czech Republic and Slovakia, which include exchange offices, bitcoinms, or a network of GECO stores.
WBTCB World BTC Business, SE (WBTCB) is a bitcoin house with the widest Bitcoin exchange platform on the market since 2014. In addition to the classic shift via bank account, it offers immediate cash solutions to purchase and selling through the GECO partner network and special BitcoinMats network. More information at https://bit.plus/en-cz/