Bitcoin has set a new record by surpassing $100,000 for the first time, increasing its influence on global markets.
The Journey to $100,000
Since November, Bitcoin's price has surged over 50%. It started the year around $44,000. This milestone is part of Bitcoin’s remarkable story, begun with Satoshi Nakamoto's 2008 white paper. Over the years, Bitcoin has evolved from a niche digital currency to a global asset, spurring technological innovations including DeFi and NFTs. Despite its achievements, Bitcoin has faced criticism for cybercrime associations and regulatory challenges.
Catalysts Behind the Surge
Bitcoin’s breakthrough was supported by several key factors: 1. The launch of Bitcoin ETFs drew over $31 billion in assets, providing a new avenue for institutional investors. 2. The latest Bitcoin halving effect, historically a catalyst for market growth, tightened Bitcoin’s supply. 3. Political and regulatory shifts, including Donald Trump's election win and favorable crypto market stance, uplifted market sentiment.
Corporate Adoption Footprints
MicroStrategy, led by Michael Saylor, continues to embrace Bitcoin, now holding over 386,700 BTC. Other major companies, such as Microsoft, are exploring Bitcoin as a strategic treasury asset.
With a market capitalization of $2.04 trillion, Bitcoin rivals the world's largest companies in value. Bitcoin continues to showcase its potential as a store of value.
