What does the future hold for Bitcoin's $100,000 mark?
Bitcoin was trading at around $30,000, marking a remarkable 300% growth in value. This incredible rally has been driven by a wave of optimism sparked by Donald Trump’s reelection as President of the United States and a staggering $30 billion net inflow into Bitcoin ETFs over the past year.
As BTC gets closer to the six-figure mark, the question arises — What happens once BTC hits $100K? There is much more significance to the $100K mark than just being a psychological mark. Given that this mark would trigger many developments in the coming weeks, let's take a closer look at what reaching $100K could mean for Bitcoin and the broader crypto ecosystem.
More Countries Opening up Doors For Crypto
As Bitcoin inches closer to the $100,000 mark, its growing prominence is pushing countries to recognize its potential as a key to the emerging digital economy. One of the most significant developments is China’s decision to legalize cryptocurrency after years of enforcing a stringent ban on the asset. This move is likely to encourage other nations to reconsider their stance on cryptocurrencies, viewing them as viable financial instruments just to equities.
In the US, momentum is building towards regulatory clarity under the leadership of
