At one point, everyone dreamed that Bitcoin would reach $100,000, and this was considered a far-fetched dream for many people in the market. But over time, this dream began to turn into reality, and after years of fluctuations and waiting, Bitcoin finally reached this level, and $100,000 became a reality. But how did this happen? And why is this so important to the market?
Since Bitcoin first appeared in 2009, it was just a strange new idea for some. People saw it as an adventure or a risk, and those who invested in it at first saw it as more of a bet than a long-term investment. Over the years, the demand for Bitcoin began to increase significantly, especially with the emergence of other digital currencies such as Ethereum. And with the great progress in blockchain technology, investors began to notice that Bitcoin is not just a cryptocurrency, it has become a reliable digital asset to maintain value.
Factors that made Bitcoin reach $100,000
Institutional adoption: Since the first big companies like Tesla and MicroStrategy entered the market, a real change began to happen. These are not just small companies, these are huge institutions that when they enter the market, they increase the demand for Bitcoin significantly.
Expanding the use of Bitcoin as a hedging tool: With the rise in inflation rates in the world and the emergence of economic crises in some countries, Bitcoin began to be used as a protection against inflation. This encouraged many people to buy Bitcoin as a store of value instead of relying on traditional currencies.
Halving and its effect: The halving process of Bitcoin, which reduces the reward for miners by half, helps reduce the supply of Bitcoin, and thus increases demand for it over time.
Is Bitcoin continuing to rise?
$100,000 is not the end, and many experts in the market believe that Bitcoin can still continue to rise. There are many factors that will affect the price in the future, such as:
Increased use of Bitcoin in payments: The more companies accept Bitcoin as a method of payment, the more reliable this currency becomes.
Future entry of large financial institutions: If more banks or large financial institutions enter the market, the price may witness greater increases.
New technologies: With each new update to the Bitcoin blockchain, efficiency and security increase, which makes investors trust it more.
