The expert predicted the growth of the bitcoin exchange rate in the summer

In the summer, bitcoin could reach $130-150 thousand, suggested Evgeny Shatov, a partner at Capital Lab. He explained to Izvestia on May 22 what influenced the growth of the BTC exchange rate.

The bitcoin exchange rate has set a record, exceeding $111 thousand, according to Coindesk data.

The expert explained that 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.

"On Monday, the U.S. Senate voted to advance the law on the guidance and establishment of national innovation for U.S. stablecoins, better known as the GENIUS Act. The bill, which aims to establish clear rules for stablecoin issuers, overcame a key procedural hurdle with a vote of 66 to 32, signaling a growing bilateral interest in resolving the issue of the legal status of digital currencies. The regulatory bill will now be put up for debate in the Senate, and the bipartisan group hopes to adopt it this week," Shatov said.

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According to him, investors believe that the Trump administration is supportive of the industry and will support it. The jump in the exchange rate to a new record high occurred at the moment when Trump was preparing to meet with the largest holders of his memcoin at a dinner at his golf club near Washington. The event raised concerns among ethics experts.

"Also, some market participants perceive bitcoin as a haven during the financial turmoil caused by the imposition of Trump's trade duties. This story has become more and more relevant recently, as the policy of negotiations on the US budget is focused on the growth of deficit spending," Shatov added.

The expert noted that bitcoin has grown by about 14% this year, surpassing other risky assets such as US stocks. The NASDAQ 100 index has fallen by about 2% since December.

"The growth of bitcoin was also facilitated by the growing demand from the founder of MicroStrategy, Michael Saylor, who has recently actively invested in bitcoin, and other companies seeking to emulate his bitcoin buying strategy. The former MicroStrategy software manufacturer has accumulated over $50 billion worth of tokens," he noted.

In his opinion, the bitcoin exchange rate may continue to rise, given the growing demand from investors and positive developments on the part of the regulator.

Earlier, on May 12, Denis Astafyev, founder of the SharesPro investment company, told Izvestia that bitcoin could update its historical maximum in 2025. In his opinion, the rate may reach $ 120-130 thousand.