Bitcoin Hits Historic Milestone: Surpasses $100,000

Trump administration’s crypto-friendly policies and Federal Reserve Chairman Jerome Powell’s comparison of Bitcoin to gold have pushed the digital asset to a new all-time high. Next stop: “to the moon” — the $1 million milestone

Bitcoin has reached a groundbreaking milestone, surpassing the symbolic threshold of $100,000. The catalyst for this significant milestone has been Trump’s selection of Paul Atkins, a known cryptocurrency advocate, to lead the Securities and Exchange Commission (SEC) and Federal Reserve Chairman Jerome Powell’s comparison of Bitcoin to gold. With excitement at an all-time high, attention is already shifting toward the next ambitious target: $1 million.

Among the advocates celebrating this historic achievement is Ferdinando Ametrano, CEO of CheckSig. Since 2021, Ametrano has proudly displayed the iconic “laser eyes” on his profile picture on X (formerly Twitter), a gesture shared by prominent figures such as Elon Musk, Senator Cynthia Lummis, and MicroStrategy CEO Michael Saylor, symbolizing optimism and commitment to Bitcoin, looking forward to the $100.000 milestone.

”It’s a pleasure to finally retire the laser eyes after four long years,” said Ametrano. ”Staying optimistic during the crypto winter of 2022 wasn’t easy, but for those who understand Bitcoin, reaching $100,000 was always just a matter of time. In fact, it’s time to aim even higher. Bitcoin is the digital equivalent of gold. Gold’s market capitalization is $18 trillion, while Bitcoin’s is $2 trillion — there’s still a tenfold potential for appreciation. The next milestone is $1 million per Bitcoin. As we say among enthusiasts and experts: to the moon!”

Key Drivers Behind Bitcoin’s Historic Rally

The journey past $100,000 was fueled by a combination of significant developments:

• Approval of Bitcoin ETFs: In January, the SEC’s approval of Bitcoin ETFs paved the way for institutional investors to enter the market.
• Bitcoin Halving: The spring 2024 halving event reduced the supply of new Bitcoin entering the market.
• Clearer Regulations in the EU: The adoption of the MiCA (Markets in Crypto-Assets) regulation in June provided a clearer framework for the crypto industry.
• Crypto-friendly attitude of the new US administration: Donald Trump’s victory, supported by Elon Musk, sparked optimism across crypto markets.

These factors have driven Bitcoin to unprecedented levels of adoption, cementing its status as a critical new asset class for portfolio diversification.

What’s Next: Regulation, Institutional Adoption, and New Heights

According to Ametrano, Bitcoin’s journey is far from over. “Bitcoin could reach $140,000 if Trump delivers on all his campaign promises, such as pardoning Ross Ulbricht on his first day in office or launching the strategic Bitcoin reserve plan,” he remarked.

However, Ametrano views Europe as the true catalyst for Bitcoin’s future growth. “The opening of EU’s capital markets in the next 12–18 months, supported by MiCA, could drive prices even higher. For this reason, we might not see the dramatic pullbacks that have characterized previous rallies,” he concluded.

Bitcoin has not only broken records, it has also established itself as a cornerstone of the financial landscape. As regulatory clarity and institutional adoption continue to grow, the path to $1 million may take three, five, ten years, but this new milestone now seems within reach.

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