Bitcoin price: Price reduction
As of 7:05 PM today (January 16), Bitcoin - the world's largest electronic currency - according to market value reversed downwards by 1.23%, reaching 95,375.87 USD.
This new price contributed to the market capitalization fluctuating, trading at the 1,905 billion USD mark, down 33 billion USD. Trading volume in 24 hours reached the 46.73 billion USD mark, down 13.86 billion USD.
Perspectives and forecasts
Bitcoin is not legal tender, and that is what makes it one of the most unique and valuable assets in the world. Governments cannot print more Bitcoin to dilute the value of holders, and despite some notable efforts from authoritarian countries, Bitcoin still shows a very high resistance to bans or intentions to close completely.
Right this week, President Donald Trump gave Bitcoin holders a new reason to cherish the spirit of freedom that this asset represents.
On January 11, US Federal Reserve (Fed) Chairman Jerome Powell said that the Donald Trump administration is threatening to prosecute him criminally in connection with interest rate policy decisions. He believes this is an excuse to put pressure to make interest rate policy more consistent with President Trump's wishes.
This is an unprecedented statement from a central bank leader in the US, because for a long time the Fed has maintained independence from direct political control throughout its term. The purpose of this independence is for appointed financial experts to be able to act for the best interests of the nation, instead of being dominated by those in power, when their motives may be very different from common interests.
Bitcoin is attractive at the present time because the Fed does not have management authority over it. However, buying Bitcoin cannot eliminate all the risks that investors face, and the currency itself also has its own risks.
No currency is completely immune to politics, and Bitcoin is no exception. It may be taxed higher, restricted from trading on exchanges, forced to comply with stricter reporting regulations or compliance requirements, or restricted from depositing in some types of accounts, along with many other possibilities. Any of these measures can put pressure on the price, although it is difficult for any single move to cause Bitcoin to collapse.
In addition, Bitcoin is not an alternative to cash. The volatility of this currency is large enough to cause investors to lose 50% or more. And even if possible, using Bitcoin to cover essential needs such as rent or buying food is still extremely inconvenient. The decision to increase the proportion is considered by analysts to be to ensure that you do not invest money that you cannot accept losing.
A wise approach is to consider Bitcoin as an asset that provides a certain "security" against potential risks from currency policy mistakes.
In Vietnam, the cryptocurrency asset market has been piloted from September 9, 2025, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on preventing and combating money laundering, terrorist financing, financing the dissemination of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency asset market and other relevant specialized laws.
