Bitcoin Reaches $100K, Approaching a $2 Trillion Market Value Benchmark.

Bitcoin has achieved a significant milestone, crossing the $100,000 threshold for the first time in its history, driven by institutional demand, corporate accumulation, and growing anticipation of crypto-friendly policies under President Donald Trump’s administration. After a relatively flat period in early 2024, Bitcoin’s price has surged, helped in part by Trump’s election win in early November, which provided a fresh catalyst for the rally.

Year-to-date, Bitcoin has gained around 130%, pushing its market capitalization close to $2 trillion just 15 years after its inception. For context, tech giants such as Nvidia and Apple boast market caps of around $3.5 trillion, Microsoft is valued at $3 trillion, and both Google and Amazon are valued at around $2.2 trillion. Meanwhile, the total value of all the gold in the world is roughly $17.7 trillion.

A major factor behind Bitcoin’s recent surge has been the launch of Bitcoin spot exchange-traded funds (ETFs) by major players like BlackRock and Fidelity. These funds have gained significant traction, with assets under management reaching nearly $30 billion within their first year.

Despite the success of these ETFs, Bitcoin’s price had stalled earlier in the year, primarily due to the uncertainty surrounding the U.S. presidential election. However, with Trump’s victory in November, the rally regained momentum, with Bitcoin quickly surpassing its previous high of $73,500 from March, and soon climbing through $80,000, $90,000, and then breaking the $100,000 level.

Another key factor in Bitcoin’s bullish trajectory has been the growing corporate adoption of the cryptocurrency. MicroStrategy, the business intelligence company led by Michael Saylor, has been at the forefront of this trend. Since starting its Bitcoin acquisition strategy in August 2020, MicroStrategy has continued to raise capital to increase its holdings, which now total 386,700 Bitcoin, valued at over $38 billion. Saylor’s approach has inspired other companies, including U.S.-listed Semler Scientific and Japan-listed Metaplanet, to pursue similar strategies. Even Microsoft is reportedly considering whether to adopt a Bitcoin treasury strategy, with the proposal currently under review by its board.