Bitcoin price reaches $100,000 for the first time
Bitcoin has surpassed $100,000 for the first time, marking a new record amid an euphoric rally triggered by Donald Trump's election victory, CE Report quotes Kosova Press.
The world's largest and most valuable cryptocurrency – known for its volatile market swings – has surged in recent weeks, fueled by hopes that the president-elect's return to the White House will usher in a new era of lighter regulations and supportive policies.
As of Wednesday, the cryptocurrency reached a new peak of $102,888 per Bitcoin. Since election day, it has rallied by 45%. Other cryptocurrencies have enjoyed similar gains.
“We are witnessing a paradigm shift. After four years of political purgatory, Bitcoin and the entire digital asset ecosystem are on the brink of entering mainstream finance,” said Mike Novogratz, founder and CEO of U.S.-based crypto firm Galaxy Digital, as reported by The Guardian via KosovaPress.
“This moment is being driven by institutional adoption, advances in tokenization and payments, and a clearer regulatory path.”
Trump has appointed cryptocurrency lobbyist Paul Atkins to lead the Securities and Exchange Commission, a sign that his administration will adopt a friendlier approach toward digital assets, which have risen in value in recent years despite concerns about their financial risks.
Reaching a six-figure price marks a significant milestone for Bitcoin. The digital currency was created in 2008 as strings of computer code, with no physical form, by a software developer using the pseudonym Satoshi Nakamoto, whose identity remains unconfirmed.
Supporters have hailed Bitcoin and the broader crypto space as the future of finance. However, its valuation growth has been highly volatile, and predictions that it could become a mainstream alternative payment method for goods and services have yet to materialize.
“Bitcoin surpassing $100,000 is more than just a milestone; it’s a testament to the shifting tides in finance, technology, and geopolitics,” said Justin d'Anethan, an independent crypto analyst based in Hong Kong, as quoted by The Guardian.
