Updated on December 6, 2024
A hundred grand per bitcoin!
![A hundred grand per bitcoin!](/_next/image?url=https%3A%2F%2Fnovelist-production.ams3.cdn.digitaloceanspaces.com%2FWeekly%252008%2520%25C3%25A2%2520Website%2520cover.png&w=3840&q=75)
Bitcoin breaks magical $100k barrier
Bitcoin has reached a historic milestone this week: for the first time ever, its price surpassed the $100,000 mark. This moment is more than symbolic; it signifies Bitcoin’s maturity as a store of value and investment asset.
The breakthrough is driven by a combination of factors: institutional adoption, the growing popularity of Bitcoin ETFs, and increasing global confidence in Bitcoin as a hedge against inflation and economic uncertainty. The psychological impact of this milestone also fuels momentum, attracting new buyers and reinforcing the confidence of existing investors in Bitcoin’s long-term potential.
A new direction for the SEC
President Trump has appointed Paul Atkins as the new SEC chair, a decision that could reshape the relationship between the U.S. government and the crypto industry. Atkins is known for his pro-innovation stance, a stark contrast to his predecessor, Gary Gensler, who often clashed with the sector.
With Atkins at the helm, the SEC is expected to adopt a more constructive approach, providing businesses and investors with greater clarity on crypto regulations. This shift could significantly boost the adoption and growth of the crypto industry.
Bitcoin’s global tour
Countries around the world are making bold moves toward Bitcoin adoption. Russia and China have officially recognized Bitcoin as property, while countries like Morocco and Brazil are opening the door to new legislation. In Brazil, a bill is even being proposed to include Bitcoin as part of the nation’s strategic reserve.
These developments point to a broader trend: Bitcoin is increasingly being seen as an integral part of national economies. In just 15 years, Bitcoin has come a long way. What started as a niche investment is now embraced by governments as a strategic and economic tool.