Crypto

[NEWS] Bitcoin hits major milestone of $100,000

2024/12/05 11:32 (Updated 2024/12/09 12:19)
Editors of Iolite
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[NEWS] Bitcoin hits major milestone of $100,000

Background to the sudden rise and future

On the 5th, Bitcoin (BTC) reached the milestone of $100,000 (approximately 15.01 million yen). Reaching $100,000 is an important milestone for Bitcoin. Bitcoin's breakthrough of $100,000 is not just a price increase, but also symbolizes that crypto assets are establishing a major position in the global economy.

Behind this sudden rise are multiple factors that are intricately intertwined. In addition to expectations for the next Trump administration, the start of options trading for Bitcoin spot ETFs in the United States, as well as rising inflation and geopolitical risks, are factors that are driving up demand for Bitcoin as a safe asset.

In addition, the decision of SEC (Securities and Exchange Commission) Chairman Gary Gensler to resign upon Trump's inauguration as president also had a major impact on the market. As the development of crypto assets progresses, the role of Bitcoin is likely to expand even further in the future.

While there are cries of joy in the market, caution is also spreading along with the enthusiastic excitement. It will likely be necessary to continue to be cautious in dealing with market overheating and developing regulations.

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