BTC Surpasses $100K - A Historical Milestone For Cryptocurrency

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Bitcoin has been going on a crazy run over the last few weeks. Everyone assumed we were due for a heavy correction, but it continued to rise.

Finally, it has just hit $100k, which clearly indicates that the bull market is upon us.

Regardless of what happens now, the fact that it hit six figures at any point in history is massive and will send alarm bells running through the financial world like never before that this thing is here to stay. It will be all over the news; people will read about it and think, “Oh my God, is this still a thing?” after not hearing about it for months/years.

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But Why Has It Hit It Now? 

Institutional adoption: More and more banks, corporations and funds are investing in Bitcoin or providing Bitcoin-related services. This adoption is increasing the demand for and credibility of Bitcoin and its value. The recent approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) could significantly speed up institutional adoption.

ETF approval: The SEC's recent approval of 11 Bitcoin spot ETFs is big news for the Bitcoin market. These ETFs make it easier for both big investors and everyday folks to buy and trade Bitcoin in a regulated way. Unlike futures-based ETFs, Bitcoin spot ETFs directly follow the actual price of Bitcoin. This mechanism makes them cheaper, more reliable and more accessible to trade.

Inflation hedge: Bitcoin's reputation as an inflation hedge comes from its fixed supply of 21 million coins. This scarcity makes it less vulnerable to the devaluation of fiat currencies, such as the U.S. dollar, which can be influenced by central banks printing more money. As a result, many investors see Bitcoin as a safe haven asset during times of high inflation, economic uncertainty or geopolitical instability. This growing trust in Bitcoin boosts its demand and credibility.

Now, with a Donald Trump victory and $100k BTC. Views will start rising up for most crypto YouTube channels.

Also, the run-up to the Bitcoin halving in April still had more hype than anything happening now. With the FTX scandal still fresh in everyone’s minds, many retail investors are hesitant to invest in cryptocurrency again, but this new price action will tempt them back.

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What’s Next?

Now, the normie money will rush into the assets, the alts and blue chips. The majority of people with FOMO themselves into the market instead of making their plays early on, like us.

You have to think this 6 figure Bitcoin was such a psychological target; the masses will freak out, it will trigger many people to take the dive finally, and it will force the whole world’s attention onto cryptocurrency.

We know to keep our cool here and that the real fun is yet to come; the play here is to keep our heads cool, follow our TP strategies and wait for our thesis to playout. 

It is a massive time for Crypto, and we’re all perfectly positioned to make this the most outstanding cycle yet.

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