Bitcoin surpasses $117,000 amid Stephen Miran’s appointment to the U.S. Federal Reserve

06.08.2025

On August 8, 2025, the price of Bitcoin (BTC) reached an all-time high, exceeding $117,000 per coin. This surge was driven by several significant events, including the appointment of Stephen Miran to the U.S. Federal Reserve (Fed) and a statement by U.S. President Donald Trump, who signed an executive order allowing cryptocurrencies, including Bitcoin, to be included in 401(k) retirement plans. Miran, known for his support of digital assets, pledged to actively integrate cryptocurrencies into the U.S. financial system. He stated that his main priority would be the creation of a regulatory framework ensuring safety for both investors and the cryptocurrency assets themselves. He also noted that digital currencies such as Bitcoin have tremendous growth potential and could become an integral part of the traditional financial system in the future. Following the announcement of Miran’s appointment and the inclusion of cryptocurrencies in retirement plans, investors reacted with great enthusiasm. This led to an increase in demand for Bitcoin and other cryptocurrencies, which in turn boosted their value. Analysts predict that Bitcoin may continue its upward trend in the coming months, especially under favorable regulatory conditions. According to experts, Miran’s appointment and his potential influence on the crypto economy have been key factors in boosting trust in cryptocurrencies amid the overall instability of traditional financial markets. Considering that the Fed is also preparing new guidelines for banks regarding cryptocurrency operations, this could significantly reshape the crypto market in the U.S. and globally.