A new record is in the pipes for Bitcoin. The good news on the US side accumulates and others even better arrive very soon.
In short
- Bitcoin borders on its record at $ 108,000, carried by the institutional craze. Jamie Dimon (JPMorgan) will authorize his 90 million customers to buy it.
- The announcements expected in July and the Genius law on stablecoins feed the increase. Citigroup aims for $ 1,600 billion for stablecoins by 2030.
- Russia recognizes Bitcoin as the most efficient asset. Scaramucci provides for a capitalization of $ 22,000 billion if it becomes digital gold.
Summer will be hot
Bitcoin is at the gates of its previous record, around 108,000 dollars, galvanized by institutions who are jostling at the gate, convinced that the asset offers today a much better potential than ten years ago.
In question, the CEO of the JP Morgan which will finally allow its 90 million customers to buy bitcoins. It is a strong signal when you know that Jamie Dimon considered it a little as a ” fraud “.
The wind has shot for Bitcoin since the election of Donald Trump. American banks are now strongly encouraged to no longer put a stick on the wheels.
The movements at the ETF confirm that the institutionalists are maneuvering. Nearly $ 3 billion invested in May. THE ETF absorbed 43 billion Since their launch in January 2024. They have included a total of $ 122 billion.
More than 200 multinationals have already done bitcoin their cash benefits. Strategy holds 576,000 BTC, Tether (100,000), Marathon (48,000), XXI (31,000), Riot (10,000), Tesla (11,500), Metaplanet (7,800), Space X (8,250), etc.
If we add states like the United States (198,012 BTC) and China (190,000 BTC), the large total is 1.61 million bitcoins, or $ 171 billion.
Faced with this institutional wave, Scott Melker, known as the Wall Street Wolf “, predicts 250,000 dollars by the end of the year.
Yahoo Finance expects Bitcoin to reach a market capitalization of $ 20,000 billion by 2030. This is 2000 billion. A single Bitcoin will then be worth almost a million dollars.
The US government for maneuver
It is no longer a secret or a chimera. The United States will accumulate more bitcoins. Concrete announcements are expected in July. As such, closely monitor the Bitcoin conference which will take place in Vegas from May 27 to 29. The vice-president JD Vance will be present, but also David Sacks and Bo Hines, the two protagonists in charge of the Bitcoin file at the White House.
In the meantime, note that senator Cynthia Lummis has just passed the Senate the Genius bill. Guiding and Establishing National Innovation for US Stablecoins Act, a law establishing a regulatory framework accommodating for stablecoins. The Senate has just passed it this Monday, May 19 with a Bipartisan result (66-32):
This law is presented as support for the status of international reserve currency of the dollar. The reason is that stable -co -emitters like Tether will have to maintain reserves at 100 % dollars or treasure vouchers (US public debt).
The bank Citigroup sees the stablecoins weigh $ 1,600 billion By 2030, against 240 billion currently. For Citi, such market capitalization could in itself push bitcoin over $ 285,000
This is what the historical correlation suggests between the two assets. Stablecoins are used to delay the taxation on capital gains. Selling your bitcoins for stablecoins is not a taxable event.
Bitcoin, the gold of the 21st century
Many countries are reluctant to place their reserves in American debt, including Sino-Russian tango. Their central banks buy in place of large quantities of gold. Beijing and Moscow have just over 2,000 tonnes each ($ 215 billion).
And soon bitcoins? The Russian central bank recognized this Wednesday, May 21 that Bitcoin is the most efficient asset of the past year, with a return of 38 %. This statement is not trivial when you know that it accumulates to settle international payments.
Vladimir Putin recently expressed favorable opinions. For example, he declared on the occasion of the investment forum “Russia Calling” that Bitcoin is “Impossible to ban” Due to its decentralized nature. “Who can banish Bitcoin?” Person “he had launched. It is difficult to see Russia (and China) remain their arms crossed if the United States begins to sell its gold to accumulate bitcoins.
Currently, the Bitcoin market capitalization amounts to $ 2,000 billion. It is of the same order of magnitude as technological giants like Google, Tesla or Apple which oscillate between 1500 and 3,000 billion dollars. But bitcoin can go much higher.
In a recent interview with Bloomberg, the billionaire Anthony Scaramucci said that “22,000 billion logically becomes the target if bitcoin is really digital gold”. “This represents about 10 times the current Bitcoin evaluation which is $ 104,000.”
Don't miss our article: Morgan Stanley sees the USA buy 3.7 m of bitcoins.
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