Bitcoin hit a record $90,000, signaling a potential "golden age" for cryptocurrencies.

On Tuesday afternoon,What are the foreign exchange trading platforms? the price of Bitcoin surpassed $90,000, reaching a new historical high, marking the entry of the world's largest cryptocurrency into the “new phase of growth” predicted by analysts. This surge comes after Bitcoin's biggest single-day increase on Monday. Since the beginning of the year, Bitcoin's price has risen 115%, soaring from $42,000 at the start of the year to this new height. Meanwhile, the total global market value of cryptocurrencies has reached $3.1 trillion, breaking the record set in November 2021.

This increase coincides with Trump's victory in the presidential election, which has fueled optimism in both the crypto market and the broader stock market, referred to by analysts as the “Trump trade.” They believe that Trump's policies might create a “golden age” for digital assets, instilling a near-religious confidence among investors in Bitcoin and other cryptocurrencies. With the election uncertainty dissipating and the Federal Reserve's accommodative monetary policy, Bitcoin and other risky assets are gaining more upward momentum. It is expected that Bitcoin will exceed $100,000 by the end of the year and reach $200,000 by the end of 2025.

Analysts generally believe that the policies of the Trump administration will benefit the cryptocurrency market, expecting regulations favorable to Bitcoin reserves, protection of the mining industry's interests, improvement of the current regulatory environment, and encouragement of industry innovation. This policy direction is seen as business-friendly and regulation-light, offering new growth opportunities for the crypto industry.

However, the market is not without risks. Geopolitical instability in the Middle East and Eastern Europe, the burgeoning U.S. debt, and potential climate disasters could all introduce uncertainty. Nonetheless, for now, Bitcoin seems to be making steady advances amidst strong demand and optimism, becoming a “safe haven” in the eyes of investors.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.