Bitcoin 
$72,507has exceeded 73 thousand dollars in recent days and is approaching a new record level. According to CoinMarketCap data, Bitcoin is currently trading at $72,209. This shows that Bitcoin gained 7.54% in the last week and 14% in the last month.
Impact of Individual Investors
eToro Market Analyst Josh Gilbert stated that individual investors have not reached the peak of Bitcoin’s upward trend. According to Gilbert, this shows that the price has the potential to increase further. Bitcoin is on its way to new highs as it approaches the record high of $74,000 reached in March.
“Individual investor interest has not peaked,” Gilbert said. “This could push the price up,” he says. According to analysts, the expectation of Donald Trump’s victory in the US elections may also positively affect Bitcoin prices. It is thought that Trump may look more favorably towards Bitcoin.
Scaramucci: Bitcoin Still Ahead
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin is still in its development stage. Scaramucci thinks Bitcoin is not fully accepted as a true store of value, but it has the potential.
“Don’t watch Bitcoin reach new highs and think you’re too late,” Scaramucci said. “It’s still early,” he says. Scaramucci believes that Bitcoin’s real growth will occur as Wall Street strategies come into play and more applications are developed for Bitcoin. The possibility of financial advisors considering Bitcoin in their portfolios could also be a positive long-term sign for Bitcoin.
Market Overview
Bitcoin is shaped by market dynamics and investor expectations. Individual investor interest and the effects of election results on Bitcoin can directly affect price movements. Additionally, the development and adoption of Bitcoin technology is seen as one of the factors that will increase its long-term potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
