Bitcoin officially reaches $100,000, a significant milestone in the history of the world's largest digital currency. Started by #satoshiNakamato in 2009, Bitcoin has undergone a 15-year journey from a revolutionary idea to a leading investment asset.
Bitcoin hits record peak
According to data from Coinbase, the price of Bitcoin has surpassed $101,000. From the beginning of 2024 with a price around $44,000, this currency has increased by over 120%, continuously breaking records in November before officially exceeding the $100,000 mark.
From a decentralized exchange tool, without intermediaries, Bitcoin has now become an asset that many major financial institutions use to hedge against inflation. In just the last 10 years, its value has increased by over 14,250%, becoming a symbol of the boom in the digital finance industry.
Driving factors
This success of Bitcoin is driven by many positive factors this year:
• Approval of spot Bitcoin ETFs: After years of rejection, the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in January, paving the way for cash inflows from major financial institutions.
• The participation of major financial institutions: Companies like Goldman Sachs and Tudor Investment Corporation have entered the market through ETF funds.
• The impact of Donald Trump's victory: After Donald Trump won the presidential election on November 5, the market expects a crypto-friendly policy during his term. Trump has committed to supporting crypto mining in the U.S. and establishing a national Bitcoin reserve.
With the departure of the current SEC Chairman Gary Gensler, known for his tough measures against the crypto industry, many observers believe that the 'golden age' for digital assets is approaching.
Conclusion
Bitcoin reaching $100,000 is not just a victory in value, but also marks the maturation and acceptance of an entire industry. In the context of many favorable factors converging, the market expects a bright future for Bitcoin and other digital assets.
