Bitcoin Hits $100,000

On Wednesday, Bitcoin surpassed $100,000, capping off a successful year where it gained recognition from Wall Street as a legitimate new asset class. This was likely fueled by the election of pro-crypto president Donald Trump.

Despite experiencing a dip after reaching $99,600, Bitcoin ultimately surpassed $100,000 at 9:40am EST according to CoinGecko. Its impressive 139% gain this year serves as proof that concerns over the collapse of FTX and the conviction of its founder Sam Bankman-Fried were temporary setbacks in its path to further success.

Even Federal Reserve Chair Jerome Powell has changed his opinion, stating that Bitcoin is akin to virtual gold. Bitcoin investors on social media are rejoicing and remaining optimistic about future milestones.

In fact, analysts predict that Bitcoin could reach $125,000 by the end of this year, and potentially even $200,000 by December 31, 2025.