Recent events in the crypto universe are a reminder of the extent of the growing influence of this industry, between political strategy, new highs and financial records. Today, Donald Trump is positioning himself to attract pro-crypto voters, Bitcoin is celebrating a milestone anniversary, and BlackRock is having a record day for its spot Bitcoin ETF. But what do these events really mean for the crypto market?
The political turning point of Donald Trump's campaign
As the US presidential elections approach, Donald Trump does not hide his intentions to rally voters in favor of cryptocurrencies. By celebrating the 16th anniversary of the Bitcoin white paper on its Truth Social platform, it sends a strong message: its commitment to crypto-assets.
Trump notably promises to work to protect Bitcoin, even claiming to want to end the “war on crypto” led, according to him, by Vice-President Kamala Harris.
His commitment goes further: Trump wants to make Bitcoin an American economic pillar, even suggesting that the country could play a key role in its production.
This pro-Bitcoin stance from Trump is accompanied by a commitment to the release of Ross Ulbricht, founder of the controversial Silk Road, currently imprisoned.
This initiative aims to capture the votes of libertarians and fervent defenders of cryptocurrencies. In a context where cryptos play a growing role in the economy and politics, this approach could well strengthen its influence with voters.
Bitcoin and BlackRock: records that reveal massive adoption
On October 31, Bitcoin celebrated the 16th anniversary of its white paper, a groundbreaking document that transformed global finance.
Since its launch, Bitcoin has come a long way: today, with a market value exceeding $1.42 trillion, it is one of the world's largest assets.
This meteoric journey has made Bitcoin a recognized alternative to traditional stores of value, attracting a host of institutional investors.
Amid this dynamic, BlackRock's spot Bitcoin ETF recently had a record day, with inflows reaching $875 million.
This massive flow highlights a growing institutional interest in cryptos, confirming that the adoption of Bitcoin is becoming faster and deeper. Experts even predict that an influx of several billion dollars could soon occur, amplifying the volatility and valuation of Bitcoin.
With Trump adopting a pro-crypto stance, Bitcoin aging while consolidating its influence and BlackRock making its mark on the history of crypto ETFs, these developments suggest a future where cryptocurrencies will occupy an even more central place in the global financial system. Meanwhile, stablecoins are driving record demand for Treasuries.
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