Bitcoin has surged to a historic high of $100,000, marking a new milestone for the cryptocurrency. This increase is attributed to growing institutional interest, with major corporations investing heavily in Bitcoin, thereby driving up demand.
Market dynamics have also played a significant role, as more retail investors view Bitcoin as a lucrative investment opportunity. The scarcity of Bitcoin, capped at 21 million coins, contributes to its rising value.
Additionally, Bitcoin is increasingly seen as a hedge against inflation, particularly in the current economic climate where traditional currencies are under pressure. This perception has led to greater adoption and confidence in Bitcoin as a safe haven asset.
