Bitcoin reached an all-time high above $100,000 on Thursday, driven by expectations that the election of Republican Donald Trump as U.S. president would create a more favorable regulatory environment for cryptocurrencies. The world’s largest cryptocurrency was last priced at $102,900, reflecting a 45% increase since Trump’s victory on November 5, fueled by significant investments in U.S. Bitcoin-backed exchange-traded funds.
Experts weighed in on the milestone:
Dan Coatsworth, Investment Analyst at AJ Bell, London:
“Breaking the $100,000 barrier is more psychological than a sign of Bitcoin going mainstream. While many have profited from its rise, Bitcoin remains a volatile, speculative asset unsuitable for everyone.”
Chang Wei Liang, FX and Credit Strategist at DBS, Singapore:
“Bitcoin prices are buoyant, possibly marking an inflection point for crypto adoption in the U.S. The Trump administration is seen as more crypto-friendly, and by 2025, we may see the establishment of a U.S. Bitcoin strategic reserve.”
Shoki Omori, Chief Japan Desk Strategist at Mizuho Securities, Tokyo:
“Bitcoin’s $100,000 milestone excites individual investors, especially with Paul Atkins nominated as SEC chair. However, this does not guarantee endless rallies, and profit-taking could occur.”
Jeff Mei, COO at BTSE, Hong Kong:
“Bitcoin’s surge past $100,000 represents a key moment for the crypto industry, driven by favorable regulatory developments in the U.S., particularly with the SEC’s new leadership. This could lead to more institutional investments and broader adoption.”
Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, London:
“Although $100,000 is just a number, Bitcoin’s rise reflects institutional investments, particularly through ETFs, with 3% of the total Bitcoin supply purchased by institutions in 2024.”
Tony Sycamore, Analyst at IG, Sydney:
“After a period of consolidation, Bitcoin has surged past $100,000, potentially sparking more momentum. The next targets could be $105,000 and $120,000 in 2025.”
Kyle Rodda, Senior Financial Market Analyst at Capital.com, Melbourne:
“Bitcoin’s $100,000 mark signifies its legitimacy, and this rally could continue with reduced regulatory risks and growing interest in non-fiat assets.”
Justin D’Anethan, Independent Crypto Analyst, Hong Kong:
“Bitcoin’s crossing of the $100,000 threshold marks a shift in finance, technology, and geopolitics, with institutional adoption evident in increased CME volumes, ETFs, and derivatives markets.”
Bobby Ong, Co-Founder of CoinGecko, Kuala Lumpur:
“Reaching $100,000 is a defining moment for Bitcoin, demonstrating its growing maturity and mainstream appeal as a digital store of value and a hedge against economic uncertainty.”
Shane Oliver, Chief Economist & Head of Investment Strategy at AMP, Sydney:
“Bitcoin is increasingly seen as a store of value rather than a regular asset, gaining recognition in the financial landscape.”
Ray Attrill, Head of FX Research at NAB, Sydney:
“Bitcoin’s rise is likely tied to the ‘Trump trade’ and regulatory changes, but its long-term sustainability will depend on broader market conditions and potential corrections.”
Richard Teng, CEO of Binance, Dubai:
“Bitcoin’s $100K milestone places it among the world’s few assets with a market capitalization over $2 trillion, alongside gold and tech giants like NVIDIA, Apple, and Amazon. With talks of a U.S. Bitcoin reserve, mainstream adoption is on the horizon.”
Jean-Baptiste Graftieux, CEO of Bitstamp, Luxembourg:
“Reaching $100,000 signifies Bitcoin’s resilience and growing integration into the financial mainstream, with more retail and institutional investments expected.”
