crypto for all
Join
A
A

Bitcoin Reaches $100,000: A Historic Milestone!

Thu 05 Dec 2024 ▪ 4 min read ▪ by Evans S.
Getting informed Event


Bitcoin has just crossed a historic threshold: $100,000. More than just a number, it is a proclamation, a moment where crypto transitions from a dream of insiders to a global economic force. However, this peak is not just an achievement. It is the beginning of a new story where investor confidence redraws the lines of the financial market.

100 000 $ Bitcoin

Driven by a staggering increase of 126% since the beginning of the year, the first cryptocurrency seems invincible. This ascent reflects not only market optimism but also a profound reorganization of investment dynamics. And while some rejoice in this spectacular advance, others wonder if the momentum is sustainable.

An insatiable demand in a changing world


The Bitcoin market is now the theater of forces that exceed it. The year 2024 has been marked by an explosion in institutional inflows. Exchange-traded funds (ETFs), particularly in the United States, attracted more than $31 billion. These tools, once exclusive to traditional markets, now open Bitcoin to a new category of investors.

But that’s not all. The scarcity of supply is also playing its role. In April, Bitcoin’s halving cut miners’ rewards in half, reinforcing the idea of a precious and limited resource.

This intrinsic mechanism of the Bitcoin protocol acts as a reminder: each unit becomes potentially more valuable over time. Speculators, like visionaries, are rushing to take part in this game where tokens become scarcer as demand explodes.

In this context, the impact of political decisions cannot be underestimated. Donald Trump’s victory in the U.S. elections gave an unexpected boost to the market.

With a pro-crypto cabinet and influential figures like Paul Atkins at the helm of the SEC, regulatory barriers seem poised to fall. This prospect of a more favorable legal framework fuels investor enthusiasm, further amplifying the positive momentum.

When Bitcoin Becomes a Major Player


This rally towards $100,000 is not just a technical feat or a speculative phenomenon. It reflects a cultural transformation. Large companies, inspired by figures like Michael Saylor from MicroStrategy, are integrating Bitcoin into their financial strategies. This massive adoption is redefining the role of crypto in the global economy.

With a market capitalization now exceeding $2 trillion, Bitcoin is establishing itself as an indispensable strategic asset. For comparison, it surpasses economic giants such as tech multinationals. It is no longer just an alternative: it is a pillar.

However, this path to recognition has not been linear. In 2017, Bitcoin had already amazed the world with a rise of 1,900%. This time, the ascent is different. It is not only rapid; it is built on solid foundations, with institutional support and growing adoption.

As Bitcoin reaches this milestone of $100,000, the burning question remains: how far will it go? While some analysts are already considering even more dizzying heights, others call for caution, reminding that crypto markets are anything but predictable.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.



Join the program
A
A
Evans S. avatar
Evans S.

Fasciné par le bitcoin depuis 2017, Evariste n'a cessé de se documenter sur le sujet. Si son premier intérêt s'est porté sur le trading, il essaie désormais activement d’appréhender toutes les avancées centrées sur les cryptomonnaies. En tant que rédacteur, il aspire à fournir en permanence un travail de haute qualité qui reflète l'état du secteur dans son ensemble.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.