Top Reactions to Bitcoin Reaching $100,000 in December 2024

Key Points:

• Experts predict further momentum, with the potential for higher prices by 2025.
• Analysts foresee Bitcoin surpassing $120K, driven by continued institutional interest.

Reactions to Bitcoin reaching a new price level from experts, investors, and analysts are worth watching. Here are some of the most emotional reactions to Bitcoin’s rise to $100,000.

The extraordinary milestone of Bitcoin reached on Wednesday, the price of a single Bitcoin has topped $100,000 for the first time, amidst a swell in demand after a political sea change spurred by crypto-friendly candidates elected, among them President-elect Donald Trump. The price of bitcoin skyrocketed by over 45% since November 5th, more than doubling year-to-date.

Bitcoin (BTC) Hit $100,000 for The First Time

The six-figure mark means more than financial achievement but indicates Bitcoin’s immense growth and resilience. Conceived almost 16 years ago in a white paper by the elusive Satoshi Nakamoto, Bitcoin has since inspired a technological revolution, touting an entire ecosystem of digital currencies, NFTs, and blockchain-based platforms.

The more Bitcoin reaches new highs, the more reactions pour in from experts, investors, and analysts worldwide as each reflects on the journey, challenges, and future of this digital asset. Let’s look at some of the most notable reactions to Bitcoin’s rise to $100,000.

Read more: Bitcoin Hit $100K for The First Time After 16 Years of Invention

Best Reactions to Bitcoin’s $100,000 Milestone

Anthony Pompliano, Professional Capital Management:

Anthony Pompliano, Founder & CEO of Professional Capital Management, celebrates Bitcoin hitting $100,000 for the first time.

He toasts Bitcoin’s creation by the mysterious Satoshi Nakamoto, calling him “one of the greatest selfless acts”. As Bitcoin enters the global stage, Pompliano encourages viewers to “be gracious in victory,” urging them to help others learn about Bitcoin just as they were helped. With Bitcoin’s rise to $100K, Pompliano expresses excitement about the future and the potential for further adoption.

“Bitcoin’s at $100,000. Congratulations to every single one of you. I can’t wait to see what the next few years have in store for us.”

Shoki Omori, Mizuho Securities:

As Bitcoin crossed the $100,000 milestone, Shoki Omori connected the rally to regulatory developments, emphasizing the impact of the new SEC chair on investor confidence. “Bitcoin’s rise to $100K comes after news of Paul Atkins becoming SEC chair. Investors are excited, but profit-taking is likely as crypto majors, like Ethereum, catch up.”

Geoff Kendrick, Standard Chartered:

Geoff Kendrick pointed to institutional adoption as the driving force behind Bitcoin’s rise to $100,000, with ETFs playing a critical role in 2024. “The $100K milestone reflects institutional adoption, with roughly 3% of Bitcoin’s total supply bought by institutions in 2024, mostly through ETF inflows.”

Tony Sycamore, IG:

Tony Sycamore analyzed Bitcoin’s technical performance, seeing the $100,000 milestone as a launchpad for further price momentum. “After consolidating above overbought levels, Bitcoin’s breakout past $100K is likely the catalyst for further upward momentum, targeting $105K and potentially $120K by 2025.”

Kyle Rodda, Capital.com:

Kyle Rodda reflected on Bitcoin’s $100,000 achievement, viewing it as a sign of growing legitimacy and highlighting key drivers for future price increases. “Bitcoin reaching $100K is a big milestone, suggesting further legitimization. There are continued tailwinds, like reduced regulatory risk and higher appeal of non-fiat assets, that could drive prices higher.”

Bobby Ong, CoinGecko:

Bobby Ong celebrated Bitcoin’s $100,000 milestone as a testament to its mainstream adoption and its role as a leading financial innovation. “Bitcoin’s $100K milestone underscores its growing maturity and mainstream adoption, reinforcing its position as a leading financial innovation and a digital store of value.”

Shane Oliver, AMP:

Shane Oliver discussed Bitcoin’s journey to $100,000, noting its growth into a recognized store of value alongside traditional financial assets. “As time goes by, Bitcoin is proving itself as part of the financial landscape, slotting in more as a store of value as opposed to a regular asset you can value on the basis of things it produces, like shares.”

Ray Attrill, NAB:

Ray Attrill attributed Bitcoin’s $100,000 milestone to hypothetical market dynamics, calling it a product of the “Trump trade” and regulatory optimism. “Bitcoin’s rise to $100K is likely driven by the ‘Trump trade’ and its speculative nature. However, it will be tested if crypto holds up during a broader market correction.”

Richard Teng, Binance:

Richard Teng praised Bitcoin’s $100,000 achievement, noting its market capitalization of $2.1 trillion and its increasing role in global finance. “Bitcoin hitting $100K is a milestone that places it among the top assets globally, with a market cap of $2.1 trillion. This is a step towards mainstream adoption and further institutional involvement.”

Jean-Baptiste Graftieux, Bitstamp:

Jean-Baptiste Graftieux described Bitcoin’s $100,000 milestone as a pivotal point in its journey, showcasing resilience and growing integration into mainstream finance. “Reaching $100K highlights Bitcoin’s resilience through regulatory and political shifts, signaling growing institutional and retail interest in crypto.”

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.