Bitcoin broke the $100,000 psychological barrier for the first time in its history. It has doubled in value in less than two months and currently has a market cap of close to $2 trillion.

Why is it important?. This is a milestone that marks Bitcoin’s transition from a growing technological curiosity to a global financial asset backed by institutional investors. It continues to raise fears and some doubts, but the number of people who do not take it seriously is decreasing.

in numbers:

• Monthly growth is 46%.
• Daily volume is more than 90,000 million.
• Capitalization of almost $2 trillion.
• 19.79 million coins were minted.

To put its orbit into perspective, this is the value at the beginning of December in subsequent years:

• 2010: $0.23
• 2011: $2.20
• 2012: $11.70
• 2013: $785
• 2014: $350
• 2015: $320
• 2016: $750
• 2017: $8,200
• 2018: $4,400
• 2019: $7,300
• 2020: $18,600
• 2021: $56,300
• 2022: $16,400
• 2023: $37,400
• 2024: $101,000

A screenshot for the history:

Image: CoinMarketCap.

If we compare it with any other asset (companies, raw materials, precious metals, investment funds…), Bitcoin ranks seventh in the world in terms of market capitalization.

between the lines. Although this milestone has been celebrated and commented on, this time it happened in a more serious way than previous big moments like 2017 or 2021, when it was celebrated a little more despite its lower value.

Perhaps this calmness is an indicator of sustainability in this new era. rallyAlthough Bitcoin is inherently volatile, it will continue to be so.

Key factors:

1. Trump’s election victory leaves positive regulatory prospects for cryptocurrency.
2. The recent success of Bitcoin ETFs.
3. Corporate interest is growing: Even Microsoft is considering investing in it. Companies like Microstrategy are amassing up to $29 billion in bitcoin.

And now what?. We can expect greater corporate adoption. Ten years ago it was a relic, five years ago it was something that started to become commonplace, and now it’s becoming increasingly normal.

Initiatives such as the ‘Bitcoin Strategic Reserve’ proposal and its possible integration into commercial treasuries contribute to this.

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Featured image | Erling Løken Andersen on Unsplash