Today, Bitcoin reached $100K for the first time in history, setting a new all-time high of $104K shortly after. This milestone marks a pivotal moment in the world of cryptocurrency.
Here’s what fueled the rally:
Bitcoin ETF Demand: Over $31B in inflows this year.
April’s Halving: Further tightening BTC’s supply.
Donald Trump’s U.S. Election Win: With pro-crypto cabinet picks, the market is bullish on regulatory clarity.
Bitcoin is up 126% since January, growing from $44K to over $100K. Its market cap? A staggering $2T.
(But here’s the real story…)
In past cycles, Bitcoin skyrocketed 1,900% in 2017 and another 1,250% during the 2020 pandemic rally. Will 2024 match that momentum?
Crypto veterans and newbies—what’s your take? Is this the beginning of another epic bull run or just another milestone?
Let’s discuss.