Bitcoin hits $100,000: what next for the booming cryptocurrency?

Published On Dec 5, 2024, 7:23 AM

Bitcoin's price has surged past $100,000, reaching approximately $103,400 recently. This increase is attributed to expectations of a favorable regulatory environment under the incoming Trump administration, especially with the potential appointment of pro-crypto SEC commissioner Paul Atkins. Although investor confidence is high, experts warn about Bitcoin's volatility and unpredictability, advising caution for prospective investors. Past events, such as SEC approval of Bitcoin ETFs, have contributed to this bullish trend, while speculation about further price increases persists among young investors, driven by fear of missing out (FOMO).