HTX Research analysts reported that a fundamental change occurred in the logic of pricing of the first cryptocurrency – the market has moved from short -term speculation to the long -term distribution of capital.

According to experts, the first cryptocurrency forms an independent ecosystem of capital and is increasingly regarded as a supranational asset – something between the gold and treasury bonds of the United States. Now the growth of the Bitcoin course has been provided with institutional investors, including Abu Dhabi’s sovereign Foundation.

“Bitcoin for the first time in three months exceeded $ 100,000, which confirmed a previously made forecast about the appearance of a“ liquidity window ”in early May,” the HTX Research report.

HTX Research analysts drew attention to the fact that the yield of ten -year -old treasury bonds of the United States ranges about 4.40%, remaining in the zone neutral for high -risk assets. So far, this indicator does not exceed 4.8%, and the influx of funds in spot bitcoin-ETF It will remain stable, Bitcoin will most likely be consolidated in the range from $ 105,000 to 115,000.

Earlier, K33 Research analysts said that during the year, the Bitcoin market will be subject to a large number of “positive catalysts” caused by the actions of the US President Donald Trump.