For those that have invested in Bitcoin, the last six months have been a real rollercoaster ride.
Having reached record highs following Donald Trump’s presidential victory in November, Trump’s decision to shock the global markets with his introduction of tariffs saw the price of Bitcoin tumble back down to earth.
Whilst the heady days look tough to emulate, many are wondering if Bitcoin will start to climb again or continue its gradual decline. This week looks set to be vital in determining which way prices will go next.
Renewed U.S and China trade talks are set to be crucial
Those connected with every sort of financial market, both traditional and crypto, are getting ready to hold their breath as the U.S and China prepare to gather around the table to discuss trade.
With everyone hoping that a deal can be struck between the two most powerful nations in the world, Bitcoin prices look to be reacting positively in the hope that some form of deal can be struck.
A trade war between the two countries has everyone on edge and not only will the state of global stock markets improve, but the two biggest crypto nations need to be in harmony if Bitcoin prices are to thrive.
Whether you’ve been watching from the sidelines or actively gambling with betting sites that accept Bitcoin, the odds seem to be shifting towards a recovery. As talks extend into the week, now is the time to keep a close eye on how the markets move. If an agreement is reached, now could be the time to strike.
EU’s decision to potentially ban Bitcoin could stall progress for years
It’s no secret that when it comes to accelerating Bitcoin and other cryptocurrencies into the financial mainstream, both the U.S and China lead the way.
Trump’s victory was the first time that Bitcoin and other cryptocurrencies helped shape some of the political agenda and his win was seen as a win for the future of the crypto markets.
His and J.D Vance’s close association to the Bitcoin bigwigs has been copied by other political groups all over the world, but the future of Bitcoin continues to face real challenges within the EU.
Whilst the U.S authorities are actively removing red tape and barriers, the same can’t be said of their European counterparts.
There has long been a hesitancy by the super European financial powers to accept Bitcoin and there have been discussions that the EU may even make Bitcoin illegal.
What makes Bitcoin unique is that it has the ability to make traders and those who invest in it anonymous. Whilst those stateside can work around that challenge, over in Europe, those regulations are increasing.
Plans are already in place to remove any anonymous Bitcoins and anonymous accounts by 2027. This decision has been taken in the hope that Bitcoin can’t be used for any money laundering or other criminal practices.
While the movement of people across the European bloc remains as encouraged as ever, the same cannot be said for the movement of money via cryptocurrencies. That same movement of money via cryptocurrencies looks like it could be on hold for some time yet.
Corporations continue to invest in Bitcoin, but could some look to dump their stocks?
In recent months some of the biggest corporations have chosen to invest in crypto and add it to their holdings. It’s believed that over 110 publicly listed companies have chosen to invest in Bitcoin, whilst some of those corporations have decided to hold onto what they own, others are looking at their crypto investments through a shaky lens.
With Bitcoin on the decline, some have decided that now is the time to cash in and to save their crypto buying for another day.
Whilst companies are more than entitled to do that, with some choosing to dump what they own, it has made crypto markets volatile and added layers of uncertainty.
It feels like the once-stable world of Bitcoin is now a distant memory. Markets are shifting and the volatile nature isn’t helping anybody.
This week is set to be huge in helping what sort of future Bitcoin faces. Will Bitcoin surge again, or will it teeter and fall? That picture will become much clearer soon.
