Bitcoin (BTC), the world's largest cryptocurrency, is one step closer to reaching the historic US$ 100,000 mark. On Thursday 21st, the digital asset reached its all-time high of US$98,300, registering an increase of 5.3% on the day. Since Donald Trump's victory in the US presidential elections, the cryptocurrency market has experienced unprecedented growth, surpassing $900 billion in capitalization.  

The prospect of a more favourable regulatory environment for digital assets, driven by Trump's promises to establish more sector-friendly policies, has generated unparalleled optimism. Discussions about creating a position in the White House exclusively for cryptocurrency policy have been seen as a milestone of progress for the market. In addition, companies such as MicroStrategy, which already has around $31 billion in Bitcoin reserves, continue to increase their bets on the asset.

Experts say that the six-figure mark represents a significant psychological level, consolidating Bitcoin as a modern store of value. Nevertheless, the road there will not be without its challenges. “Although demand is insatiable, market volatility may pose obstacles in the short term,” says Caroline Mauron, co-founder of Orbit Markets.  

The market is also celebrating institutional advances, such as the approval of Bitcoin spot exchange-traded funds, which have attracted more than $5.8 billion in investments since the beginning of the year. With more confident investors and a possible change in the US regulatory landscape, Bitcoin seems to be at the centre of a new era for crypto-assets.

The question now is no longer “if”, but “when” will Bitcoin reach the long-awaited $100,000, transforming the global perception of cryptocurrencies and reaffirming its position in the world financial market.

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