Zumo‘s Nick Jones recently shared insights on the Bitcoin (BTC) price breaking all-time highs.
Commenting on Bitcoin hitting a new record high above $111,000 on Thursday, Zumo‘s Founder and CEO Nick Jones said:
“Bitcoin has soared to a new record high, with the market riding on optimism over US regulatory progress under the Trump Administration. The Senate’s decision to push forward with the deliberately named GENIUS Act, aimed at establishing a national framework for stablecoins, is another watershed moment for the industry, and extends US leadership in the burgeoning digital assets sector.”
They added:
“As HM Treasury and the Financial Conduct Authority (FCA) get the UK’s regulatory wheels into motion, it’s important they move with pace and intent – and in consultative collaboration with crypto natives – to ensure they can catch the crypto wave and realise an abundance of new growth opportunities for the country’s stalling economy.”
Petr Kozyakov, Co-Founder and CEO at Mercuryo, a payment infrastructure platform in the digital token space, remarked earlier this week (right before BTC reached its all-time high):
“As bitcoin nears an eclipse of a previous all-time high of $109,000 the bears are well and truly on the retreat. After US President Donald Trump changed tack on tariffs with a more conciliatory approach, global financial markets have been in a resurgent mode. The fortunes of the biggest cryptocurrency have been further bolstered by the US Senate’s recent progress on a bill to regulate stablecoins. Funds from institutional finance remain razor-focussed on the space. Notably, spot bitcoin ETFs saw a daily inflow of $329 million. Meanwhile, the many latent opportunities in DeFi and across leading Layer 1 blockchains such as Ethereum and Solana continue to be explored.”
Notably, the BTC price has again fallen from a high of over $111,000 to around $108,000 to $109,000 after US President Donald Trump announced a new tariffs strategy for the EU. Unsurprisingly, the stock markets plummeted as well after this announcement. However, it is quite likely that these setbacks are temporary and markets should be able to recover.