Bitcoin (BTC) breaks historic $100,000 mark
In a historic moment for the cryptocurrency industry, Bitcoin has crossed the magic mark of $100,000 for the first time. The oldest and best-known digital currency reached a new all-time high of $103,620 on Thursday night.
Dramatic price increase
The value of the leading cryptocurrency has more than doubled since the beginning of the year. Bitcoin's market capitalization has risen to over two trillion dollars, underlining its dominant position among the more than 10,000 cryptocurrencies in existence.
Political catalysts
A key driver of this impressive rally is the outcome of the US presidential election. Since Donald Trump's election victory on November 4, Bitcoin has gained almost 50 percent. The appointment of crypto-friendly Paul Atkins as designated SEC head has sparked additional euphoria. Trump himself has already announced that he wants to make the USA the "crypto center of the planet."
Institutional Interest
Large companies are also driving the price up. The US company MicroStrategy recently announced the taking on of new debt of $2.6 billion to be invested in Bitcoin. This institutional demand, combined with the launch of Bitcoin ETFs and new trading opportunities for Bitcoin options, supports the sustained price increase.
outlook
Analysts see further potential for the cryptocurrency. Bernstein experts are already predicting a Bitcoin price of over 200,000 US dollars for 2025. Bobby Lee, founder of the first Chinese Bitcoin exchange BTCC, is even more optimistic and even believes a price of one million US dollars is possible within the next five to six years.
