Bitcoin has experienced significant developments recently, both in its valuation and institutional adoption.
In 2024, Bitcoin’s value more than doubled, surpassing $100,000. This surge was largely driven by the approval of exchange-traded funds (ETFs) tied to its spot price by U.S. regulators, alongside optimism surrounding Donald Trump’s return to the White House. These factors attracted substantial institutional investment, elevating the cryptocurrency market’s value to approximately $3.5 trillion. Analysts project that Bitcoin could reach $200,000 by late 2025. 
Institutional interest is further evidenced by initiatives like the proposal in Switzerland, where a group is advocating for the Swiss National Bank to include Bitcoin in its reserves alongside gold. This proposal requires the collection of 100,000 signatures within 18 months to qualify for a public referendum. 
Additionally, in December 2024, Bitcoin’s price reached $100,000 for the first time, coinciding with U.S. President-elect Donald Trump’s promise to make the U.S. the “crypto capital of the planet” and to stockpile Bitcoin. The same month, BlackRock, the world’s largest asset manager, recommended investors allocate up to 2% of their portfolios to Bitcoin. 
However, the rise of quantum computing presents potential challenges to Bitcoin’s security. Google’s new quantum chip, Willow, has raised concerns about the ability of such technology to break Bitcoin’s encryption in the future. While current quantum computers are not yet capable of this, the crypto industry is actively exploring quantum-resistant systems to safeguard against future threats. 
As the cryptocurrency landscape continues to evolve, these developments highlight the dynamic nature of Bitcoin and its growing integration into the global financial system.
