Bitcoin Hits $108K: New Record as Confidence Grows

Bitcoin has reached an all-time high of $108,264 , continuing its impressive upward trend. The cryptocurrency is trading at $108,223 , marking a 2% increase over the last 24 hours. Bitcoin’s price has surged nearly 60% since the U.S. elections, driven by growing confidence in President-elect Donald Trump’s pro-crypto stance. Trump has pledged to create a strategic Bitcoin reserve and nominated crypto supporter Paul Atkins to replace current SEC Chair Gary Gensler, who has been criticized for his anti-crypto policies. Institutional interest has been a major factor in Bitcoin’s rise. More than 70 public companies now hold Bitcoin as part of their financial strategy. Michael Saylor , chairman of MicroStrategy, described Bitcoin as the “ Cyber Manhattan ” of this digital age, comparing its value to real estate in Manhattan—always worth owning. MicroStrategy, a leader in corporate Bitcoin holdings, now owns 439,000 BTC, valued at around $46 billion. Corporate rules are also shifting in Bitcoin’s favor. The Financial Accounting Standards Board (FASB) has updated regulations, allowing companies to include Bitcoin on their balance sheets without negative accounting impacts. James Lavish, from the Bitcoin Opportunity Fund, noted that this change is further legitimizing Bitcoin as a corporate asset. Investor confidence has soared since Trump’s election win. The number of “whales”— large Bitcoin holders —has skyrocketed. According to on-chain analyst Ali Martinez, Bitcoin whales have purchased over 70,000 BTC worth $7.28 billion in just 48 hours, fueling the recent price rally. Optimism is also rising due to MicroStrategy’s inclusion in the Nasdaq 100 index, set for December 23. Analysts expect Bitcoin to maintain its upward momentum, predicting prices could reach between $150,000 and $200,000 by the end of 2025. As corporate adoption expands and regulatory support strengthens, Bitcoin continues to set new milestones. Many investors now view the cryptocurrency as a critical long-term asset.