Bite up after it is known that there will be a meeting between Trump and Putin
Bitcoin (BTC) is on the rise following the confirmation of a meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin.
This meeting was confirmed by Yuri Ushakov, the Kremlin’s foreign policy adviser, who stated that Russia and the United States have agreed on the venue of the meeting. Together with our American colleagues, we are now beginning to work on specific issues to hold the talks next week.
His words generated a boost in bitcoin, which at the time of the publication of this note is quoted again at $116,500.
The announcement came a day after Putin held a meeting with businessman Steve Witkoff, who was appointed by Trump to represent his administration in major conflicts in the Middle East.
According to Bloomberg, Trump maintains an optimistic stance on the possibility of ending the war between Russia and Ukraine. His envoy raised the idea of a trilateral meeting between Putin, Trump, and Ukrainian President Volodymyr Zelenskiy.
However, Ushakov did not comment on the matter and stressed that the priority is the Putin-Trump summit.
The meeting between the representatives of the two nations eased the tensions that had arisen days ago, when Trump ordered the deployment of nuclear submarines to what can be interpreted as a threat from former Russian President and current vice president of the Russian Security Council, Dmitri Medvédev, a fact that was reported by CryptoNews.
For this reason, this announcement, coupled with the possibility of an agreement to end the conflict between Russia and Ukraine, arouses an appetite for risk among investors, who become more optimistic about an eventual improvement in the international political and macroeconomic context. This creates a favorable scenario for assets considered risky, such as BTC and cryptocurrencies.
The good news for the digital asset market doesn’t end there. Today, August 7, the US president will sign an executive order requiring 401(k) accounts to expand their investment options, incorporating assets such as cryptocurrencies, gold, and private equity into their portfolios.
It is worth clarifying that 401(k) accounts are a retirement savings mechanism that allows U.S. workers to invest part of their salary with tax benefits.
These funds are intended for instruments such as stocks and bonds. Now, with this executive order, bitcoin and cryptocurrencies are included in the range of options.
It is estimated that these accounts will collect more than $9 trillion, so this opening could represent a liquidity injection for digital assets, which translates into a bullish signal for their price.
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