The expert explained the sharp rise in the cost of bitcoin
The cryptocurrency continues to grow steadily, and analysts attribute this to steady demand from institutional investors. Vasily Girya, the owner and CEO of GIS Mining, told Izvestia on July 14 about the reasons for the sharp rise in the price of bitcoin (BTC).
"The current growth of bitcoin is different from previous sharp jumps — it is more organic. We don't see any excitement among retail investors or a surge of interest in search engines. Major players are gradually building up their positions within the framework of long—term strategies, which forms a stable upward trend," the specialist explained.
According to him, geopolitical instability and discussions around the US debt policy are forcing part of the capital to flow from government bonds to digital assets, including bitcoin.
"BTC is increasingly perceived as 'digital gold,' and the Russian mining segment is demonstrating sustainable development," the expert added.
From a technical point of view, the market is becoming more tense: the volume of short positions is decreasing, and their liquidation supports growth.
"If the current dynamics continue, bitcoin could reach $125-130 thousand. in the coming weeks. And new historical highs are likely before autumn," Girya predicts.
The long–term trend remains bullish, but its sustainability depends on the inflow of funds into BTC-ETFs and overall macroeconomic stability.
On May 22, Capital Lab partner Evgeny Shatov explained to Izvestia what influenced the growth of the BTC exchange rate. He clarified that the bitcoin exchange rate has set a record, exceeding $ 111 thousand. According to him, the growth of cryptocurrencies is due, among other things, to the fact that the promotion of legislation on stablecoins in the United States has given investors hope that regulation will be clarified under US President Donald Trump.
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