The price of Bitcoin broke through the $100000 mark early on Thursday. The successful launch of the spot ETF of Bitcoin in the United States and the election of Donald Trump, who supports cryptocurrency, as the president of the United States, have become the main driving force for this bull market. In addition, the adoption of Bitcoin by enterprises has also played a role, with more and more companies following in the footsteps of MicroStrategy and beginning to hold Bitcoin.

Bitcoin's year to date increase has exceeded 130%, and its market value has surpassed $2 trillion today, an achievement achieved in just 15 years since its inception. As a reference, the market value of NVIDIA and Apple is about $3.5 trillion, Microsoft is about $3 trillion, and Google and Amazon are about $2.2 trillion. The total market value of all gold worldwide is approximately $17.7 trillion.

One of the core driving forces behind this uptrend is the Bitcoin spot exchange traded funds (ETFs) launched by asset management giants including BlackRock and Fidelity in early 2024, which have achieved tremendous success with asset management assets reaching approximately $30 billion in less than a year.

Despite the success of ETFs, the price of Bitcoin has been stagnant for most of this year, partly due to the uncertainty during the US presidential election. However, with Trump's victory in early November, the bull market gained new momentum. Bitcoin quickly broke through its historical high of $73500 in March, then quickly surpassed $80000 and $90000, and finally reached $100000 on December 5th.

Before the deadline, the price of Bitcoin hit $104000, with a 7.2% increase in the past 24 hours. On the same day, Trump officially nominated Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC). Many people in the cryptocurrency industry expressed their support and affirmation for this candidate.

Enterprises adopt

Another major factor driving the market is the growth adopted by companies, led by micro strategies and their chairman Michael Saylor. Since starting to purchase Bitcoin in August 2020, the company has continuously raised billions of dollars to invest in Bitcoin and currently holds 386700 bitcoins worth over $38 billion.

Saylor His team has inspired other listed companies, including Semler Scientific, which is listed in the United States, and Metaplanet, which is listed in Japan. Even Microsoft is currently proposing within its board whether to adopt a Bitcoin financial reserve strategy.

In addition to enterprises, some governments have also begun to recognize and adopt Bitcoin. El Salvador passed the Bitcoin Law on September 7, 2021, making it the first country to adopt Bitcoin as an alternative legal tender. Bhutan has also accumulated a large amount of Bitcoin in recent years through its mining business operated by state-owned investment company Druk Holdings. Now, many people in the crypto community are paying attention to how Trump will fulfill its policy commitment of being friendly to cryptocurrencies.

data source

(责任编辑：汇率)

• ·补提以前年度工会经费可以税前扣除吗
• ·流感概念31日主力净流出9.68亿元，香雪制药、康美药业居前
• ·小蚁股平台app
• ·10月31日鹏华碳中和主题混合A净值增长0.80%，近3个月累计上涨13.2%
• ·年底应交税费销项税额需要结转吗
• ·某鲸鱼近日在Polymarket豪掷160万美元，押注特朗普胜选及哈里斯败选
• ·Pantera, ParaFi and other institutions acquire MPLX tokens held by FTX at a discounted price
• ·10月31日鹏华新能源汽车混合A净值增长1.66%，近3个月累计上涨27.2%
• ·保证金利息收入怎么做账
• ·10月31日华泰紫金碳中和混合发起C净值下跌0.50%，近1个月累计下跌3.9%
• ·劳务公司工资可以抵税吗
• ·外币交易如何开始确认？
• ·策略实测 05 ｜ OKX 与 AICoin 研究院：时间加权和冰山委托策略
• ·10月31日平安策略优选1年持有混合A净值增长2.03%，近3个月累计上涨4.62%
• ·Hyperliquid Labs向CFTC提交意见函支持DeFi发展
• ·10月31日申万菱信智能驱动股票C净值增长0.70%，今年来累计上涨14.59%