Amid growing optimism over the future of cryptocurrency regulation in the US, institutional adoption and significant inflows into spot Bitcoin exchange-traded funds (ETFs), the market value of the flagship cryptocurrency has crossed the $100,000 mark for the first time. Year to date, Bitcoin’s value grew up by more than 140% against the dollar. Moreover, over the last four weeks of trading, the growth rate of the asset amounted to more than 50%.
Commenting on the event, Coinbase CEO Brian Armstrong wished the entire crypto community a “happy $100,000 Bitcoin day.” MicroStrategy founder Michael Saylor, who actively promotes corporate adoption of Bitcoin and has accumulated 386,700 BTC on the balance sheet of the technology company, statedwhich will throw a $100,000 birthday party for this occasion.
Famous figures from the political community who support Bitcoin also joined in the congratulations. For example, Republican Senator Cynthia Lummis, who proposed a strategy for acquiring bitcoins to create a government reserve through the conversion of US Treasury gold certificates, wrote on social media X: “Don’t stop believing in Bitcoin. Bitcoin reached $100,000.”
The day before, Russian President Vladimir Putin, speaking at the plenary session of the 15th VTB Investment Forum “Russia Calling!” statedthat new technologies and financial instruments such as Bitcoin cannot be banned.
“Processes involving the use of other tools occur naturally. For example, who can ban Bitcoin? No one. And who can prohibit the use of other electronic means of payment? Nobody, because these are new technologies,” said the Russian President.
Previously, the flagship cryptocurrency experienced a short-term decline – the Bitcoin rate collapsed below $70,000 on the South Korean crypto exchanges Upbit and Bithumb due to the introduction of martial law in South Korea.
Source: Bits
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