Hector McNeil, Co-Founder and Co-CEO of HANetf, comments on Bitcoin reaching $100,000:
“Bitcoin hitting the $100k milestone is a watershed moment, not just for the crypto market but for the broader digital assets landscape. It adds momentum to the already growing adoption of digital assets as an asset class.
Of course, the immediate driver of the recent rally has been the election of Donald Trump. Although Trump expressed scepticism about cryptocurrencies during his first term, his administration’s lack of comprehensive regulatory actions coincided with substantial Bitcoin price growth.
Trump’s attitude towards Bitcoin appears to have shifted, with him pitching himself as the pro-crypto candidate on the campaign trail. A key message of Trump’s campaign has been that he would protect Bitcoin and create a favourable regulatory environment. There are also calls among Republican members of Congress to establish a federal Bitcoin strategic reserve. While Trump has not gone so far as to promise this, he has stated that the US government will no longer sell Bitcoin it seizes. Speaking at a cryptocurrency event in July, Trump said, “For too long our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your Bitcoin.”
At HANetf, we’ve long recognised the potential of blockchain and crypto. We have launched several ETFs and ETCs providing access to this asset class, most notably ETC Group’s BTCE.”
