$BTC has recently achieved a significant milestone by surpassing the $100,000 mark, reaching an all-time high of $103,000 on December 5, 2024. This surge is attributed to its limited supply, capped at 21 million coins, with 19.8 million already mined.
Institutional adoption has played a crucial role in this rally. MicroStrategy, for instance, has increased its holdings to 423,650 bitcoins, constituting over 2% of the total supply. Additionally, expectations of favorable regulatory changes under the incoming U.S. administration have bolstered market confidence.
However, it’s essential to remain aware of potential risks, including market volatility and regulatory uncertainties. Despite these challenges, Bitcoin’s recent performance underscores its growing acceptance and resilience in the financial landscape.