Bitcoin hit a historic high of USD 103,500 overnight, before slipping to USD 101,000 this morning, marking a remarkable surge of 70% since October and a 50% increase in the past month alone. This spike highlights Bitcoin’s growing reputation as both a hedge against inflation and a long-term investment opportunity, particularly in this uncertain economic climate.
The recent rise is also supported by increasing institutional involvement, with the US Bitcoin Exchange Traded Fund (ETF) attracting a significant influx, including a remarkable USD 501 million yesterday, several sources reported.
In the broader context of blockchain and digital assets, Paul Atkins is replacing Gary Gensler as of 2025 as the new chair of the US Securities and Exchange Commission (SEC). The shift at the SEC comes at a pivotal time as cryptocurrency continues to gain institutional traction. Bitcoin’s record-breaking climb is indicative of the growing belief in the digital currency as a major financial asset, with short-term holders already sitting on a latent profit of nearly 35% based on an average purchase price of USD 75,000.
While the cryptocurrency market remains highly volatile, experts caution that without significant new inflows, a short-term correction might be on the cards. For the time being, Bitcoin is still experiencing a strong upward trend, largely driven by institutional interest and the launch of Bitcoin Spot ETFs. The BlackRock Bitcoin ETF, for example, attracted USD 6.1 billion in investments in November alone, with USD 5.4 billion coming from the “iShares Bitcoin Trust” (IBIT), which has surpassed USD 50 billion in assets under management less than a year after its launch.
Analyst site Coin Academy also noted, Donald Trump’s return to power as a potential driving push, as his administration is expected to clear crypto regulations.
Corporate giants continue to lead the charge in Bitcoin adoption. “MicroStrategy,” a major publicly traded holder of Bitcoin, recently acquired BTC 15,400 worth USD 1.5 billion in November, bringing its total Bitcoin holdings to BTC 402,100 valued at approximately USD 40.5 billion.
Other companies, such as “Acurx Pharmaceuticals,” have also allocated significant sums—like USD 1 million—into Bitcoin as a treasury reserve asset, further highlighting the growing mainstream acceptance of cryptocurrency.
With Bitcoin’s recent surge, there is increasing optimism about the future of the digital asset and the wider crypto ecosystem. As the year draws to a close, the interest in cryptocurrencies continues to build, supported by institutional investments, favorable regulatory trends, and a rapidly evolving financial landscape.
CoinAcademy is celebrating this milestone by offering a EUR 1,000 prize through a competition, further fueling excitement around the digital asset. With Bitcoin’s price hitting USD 100,000, the stage is set for a potential new phase of growth and development for both Bitcoin and the wider cryptocurrency market.