Bitcoin has reached the $100,000 milestone, evolving from a fringe asset into a legitimate financial instrument. Since its $1 start in 2011, Bitcoin has faced countless challenges, including market crashes and declarations of its demise. Yet, it has risen stronger each time.
This bull run differs significantly, fueled by institutional adoption, inflation-hedging narratives, and spot Bitcoin ETFs in key markets. Analysts like Mikko Ohtamaa urge a shift from speculation to real-world utility as Bitcoin cements its place as a global asset.
Support from crypto-friendly leaders like Donald Trump, alongside potential regulatory clarity, adds momentum to Bitcoin’s ascent. As investors celebrate this historic achievement, the focus now turns to what lies ahead for the crypto industry.
Source: Cointelegraph