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Bitcoin has hit $100,000 for the first time, with the milestone sparking reactions from analysts and key figures, including President-elect Donald Trump. Trump attributed the surge to his pro-crypto policies and projected further growth as institutional interest climbs.
What's the Scoop?
- Trump’s election and the nomination of Paul Atkins as SEC Chair boosted market confidence. Analysts target $150K-$200K by 2025, citing regulatory optimism and institutional inflows.
- Major players like MicroStrategy and U.S. Bitcoin ETFs are driving demand.
- Bitcoin's fourth halving in 2024 and broader adoption are seen as catalysts.
Bankless Take
Bitcoin’s breakthrough reinforces its growing mainstream acceptance and role as a macroeconomic asset. The political alignment toward crypto is significant, but it’s essential to temper enthusiasm with market realities like potential sell-offs. This milestone underlines Bitcoin's resilience and its evolving place in global finance.
JUST IN: 🇺🇸 President-elect Trump congratulates #Bitcoin holders on surpassing $100,000 pic.twitter.com/1HVNDIwPsQ
— Watcher.Guru (@WatcherGuru) December 5, 2024
