This figure, which was considered a big target a few months ago, became a more realistic target after BTC surpassed $90,000 on November 13. Additionally, BTC recorded a new all-time high (ATH) by passing $94,000 on November 19. Speaking to Cryptonews, Tren Finance Founder Daryll Netscher stated that there are many factors behind Bitcoin approaching $100,000.$BTC
“There is unprecedented institutional adoption, especially with the changes in policy. Following Donald Trump’s victory in the US presidential election, more crypto-friendly regulations are expected, which has boosted market sentiment. Additionally, the approval and launch of Spot Bitcoin ETFs has made entry into Bitcoin more accessible to traditional investors,” Netscher said. He believes this institutional framework provides a strong foundation for Bitcoin’s rise compared to previous periods.
He also stated that the macroeconomic situation has created a suitable environment for Bitcoin investments. Netscher said, “Bitcoin’s halving event in 2024 has occurred at a time when institutional investors are increasingly interested, creating a unique combination of decreasing supply and growing demand.”
BTC’s current rally has led to new purchases from major Bitcoin supporters like MicroStrategy (MSTR) and Metaplanet, in another sign of growing interest in Bitcoin. MicroStrategy currently owns 1.5% of Bitcoin’s total supply.
Bitcoin Rises, Volatility Declines
Speaking to Cryptonews, Tim Enneking, Founder of Digital Capital Management, stated that the Bitcoin price continues to rise regardless of current factors. “Bitcoin is rising due to the deflation and inflation of fiat currencies, the fear of missing out, and the fact that it is not controlled by any institution,” Enneking said.
Enneking said that the increase in internet dependency also contributed to the increase in Bitcoin's price. He emphasized that this situation is due to the easy transfer of cryptocurrencies such as Bitcoin. Enneking said, "For something to be considered money, it must be easily transferable. Cryptocurrency is easily transferable. Also, although I do not think that anything in the crypto space is a currency in the true sense, the fact that large amounts of wealth can be easily transferred is a very important development."
He also noted that re-elected US President Donald Trump’s plans to create a Bitcoin reserve are exciting. Enneking said that Bitcoin’s volatility has decreased, which is due to the profiles of crypto investors changing every 18 months. “Institutional investors have entered the market in the last 18 months and spot Bitcoin ETFs have been launched. Such changes are reducing Bitcoin’s volatility,” he said.
What Does BTC Exceeding $100,000 Mean for Institutional and Retail Adoption?
Bitcoin reaching $100,000 will have a huge impact on both institutional and individual investors. However, Enneking noted that institutional investors will be much less affected by this level. “For institutional investors, this may be just a number, but Bitcoin reaching $100,000 will have a huge psychological impact on individual investors. Bitcoin reaching this level can increase the fear of missing out,” he said.
Netscher noted that if BTC reaches $100,000, the integration of cryptocurrencies into the financial system could change. “For institutional investors, this will confirm the thesis of early investors, while creating a new basis for including assets in portfolios. We see large financial institutions starting to invest in small amounts of cryptocurrencies. This development could lead to the adoption of a systematic investment approach to digital assets,” he said. Netscher believes that Bitcoin will become a more important asset for institutional investors as its market value increases. This could lead to the application of investment models used for other alternative assets such as gold to Bitcoin.
“Bitcoin reaching $100,000 will generate unprecedented media and public interest,” Netscher said. “This will reinforce the ‘digital gold’ narrative and accelerate Bitcoin’s wider adoption.” While this process has already begun with the launch of Bitcoin ETFs, Bitcoin-based products are expected to become standard on traditional banking platforms.
Bitcoin Could Surpass $100,000
With Bitcoin currently trading around $93,000, Netscher believes that the current market structure is such that $100,000 is not a peak but merely a stepping stone. “As institutional investors continue to embrace crypto through ETFs, professional market makers, and long-term strategies, a more solid foundation for Bitcoin’s price discovery is being created, and this momentum should continue,” he said.
Enneking predicts that Bitcoin could exceed $100,000 by the end of the year and see at least $120,000. “Crypto cycles are usually 4 years. The bull market starts about 6 months after the BTC halving event and continues for about a year,” he said. It is stated that Bitcoin has entered a sustainable growth process with the halving event to take place in 2024 and the maturation of the institutional infrastructure.
However, while Bitcoin’s journey to $100,000 is supported by strong fundamentals, it should be noted that the market can experience periods of consolidation and correction. “With increased market participation, corrections are likely to be less severe than in previous cycles,” Netscher said.