Bitcoin breaks record and reaches $90,000 dollars

Bitcoin, the world's most important cryptocurrency, experienced a significant increase, reaching close to $90,000, an increase it had not previously reached.

Bitcoin has reached unprecedented levels, approaching $90,000, driven by the election of Donald Trump as president of the United States. 

On November 5, before the election results, bitcoin's value hovered around $69,000, and in less than a week it has climbed to $89,982, before stabilizing at $86,730, down slightly by 1.4%. 

This growth of nearly 30% in such a short time reflects the euphoria around the possibility of the incoming administration in the United States adopting favorable policies towards cryptocurrencies, which could change the investment landscape globally.

This support has also benefited related companies, such as Tesla, whose shares have risen 40% on the expectation that the political environment will favor sectors linked to emerging technologies and related companies.

For the Mexican market, this context poses important strengths. The geographic proximity to the United States and the growth of the digital market in Mexico open a window of opportunity to attract investment and develop new cryptocurrency-related technologies. Mexican companies, especially those dedicated to fintech and blockchain technology, could benefit if the crypto market in the United States receives a significant boost, thus fostering a more inclusive and modernized financial ecosystem in the region.

The possibility of Mexico establishing alliances with U.S. companies would also allow for a flow of knowledge, investment and technology, facilitating the adoption of digital assets and innovative financial services in the country.

In addition, Mexico could take advantage of the opportunities arising in a context where bitcoin and other cryptocurrencies are gaining popularity as investment assets and value refuges.

Access to these technologies can provide Mexican investors and companies with diversification in their portfolios, as well as the ability to compete in a globalized market in which cryptocurrencies are beginning to be a recognized exchange option.

Trump's recent pledge to make the United States the "cryptocurrency capital of the world" opens the possibility for Mexican companies and investors to participate in a strengthened and well-regulated market, with a potential increase in the widespread adoption of bitcoin and other cryptocurrencies in international business and transactions.

However, there are also clear weaknesses in the Mexican environment. The regulatory framework in Mexico for cryptocurrencies is still incipient, and lacks the robust structure that might be necessary to address an increase in the adoption of these digital assets.

The lack of clarity and consistency in regulatory policies could limit the country's ability to attract capital seeking to operate in markets with legal certainty. In addition, the low level of financial literacy in a large part of the population may hinder a massive adoption of cryptocurrencies such as bitcoin, which could limit their use and reduce the growth opportunities that this new context offers.

In addition, speculation and sudden changes in the value of bitcoin and other cryptocurrencies can lead to significant losses for inexperienced investors or those without a clear contingency plan, which could discourage their use and damage the image of these assets in the country.

In a scenario where Trump and other political actors promote pro-cryptocurrency policies in the United States, Mexico may need to adapt its regulations and fiscal policies quickly, facing the challenge of balancing the growth in the use of cryptocurrencies with the country's financial security.

Collaboration: Editorial Auge.