<p><a href="https://www.dailywire.com/topic/bitcoin" target="_blank" rel="noopener">Bitcoin</a> surged to a new all-time high and hit $100,000 last night, marking a new milestone for the world’s largest cryptocurrency.</p>
<p><a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a> first hit and then surpassed a price of $100,000 before rocketing to a new high of roughly $103,500, with the move making it the asset with the seventh highest market capitalization in the world.</p>
<p>The cryptocurrency now sits at a $2 trillion <a href="https://companiesmarketcap.com/assets-by-market-cap/">market capitalization</a>, higher than the market capitalization of silver at just under $1.8 trillion, but still well below gold’s market capitalization of about $17.7 trillion, the highest of any asset in the world.</p>
<p>Cryptocurrency enthusiasts celebrated the new milestone for Bitcoin online, with some investors taking to X to speculate about the future of the asset. Cathie Wood, the CEO of Ark Investment Management, celebrated the move, but said that Bitcoin is “still in its early innings.”</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Today, Fed Chair Powell described bitcoin as a virtual, digital version of gold. At $2,700, gold is a ~$15 trillion market, compared to bitcoin at only ~$2 trillion. Even after breaking through $100,000, bitcoin still is in early innings.</p>
<p>— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1864526800698667236?ref_src=twsrc%5Etfw">December 5, 2024</a></p></blockquote>
<p>Wood has laid out various different price targets for the asset by 2030, ranging from a base case of about $650,000 to a bull case of $1.5 million, citing expected regulatory relief coming from the Trump administration as a bullish catalyst.</p>
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<blockquote class="twitter-tweet" data-media-max-width="560">
<p dir="ltr" lang="en">JUST IN: ARK Invest CEO Cathie Wood predicts <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> to hit $1.5 million by 2030, in a bull case scenario 👀 <a href="https://t.co/CDI1V9J0nA">pic.twitter.com/CDI1V9J0nA</a></p>
<p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1857483221857865879?ref_src=twsrc%5Etfw">November 15, 2024</a></p></blockquote>
<p>President-elect Donald Trump took to Truth Social to celebrate the crypto currency’s meteoric rise in a post of his own. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together we will Make America Great Again!” his post reads.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">JUST IN: 🇺🇸 PRESIDENT TRUMP SAYS, &#8220;CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU&#8217;RE WELCOME.&#8221; <a href="https://t.co/UoZWLe795g">pic.twitter.com/UoZWLe795g</a></p>
<p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1864655677467042013?ref_src=twsrc%5Etfw">December 5, 2024</a></p></blockquote>
<p>Bitcoin has surged nearly 130 percent since January 1st, 2024, when it sat at just over $44,000. It now accounts for about <a href="https://www.tradingview.com/symbols/BTC.D/">56 percent</a> of the market cap of the entire cryptocurrency market, with other cryptocurrencies also rapidly appreciating in recent weeks.</p>
<p>The asset has enjoyed rapid growth since Trump’s victory on November 5th, when it sat below $70,000.</p>
<p>Ethereum, the second largest cryptocurrency, appreciated by nearly 60 percent in the last month and shot up to more than $3,900. <a href="https://coinmarketcap.com/currencies/solana/">Solana</a>, one of the largest cryptocurrencies, rallied roughly 285 percent in the last 12 months before reaching a new all-time high of $256 on the heels of the Trump victory.</p>
<p>The market cap of all cryptocurrencies combined excluding Bitcoin and Ethereum also <a href="https://www.tradingview.com/symbols/TOTAL3/">surged</a> to a new all-time high of just over $1 trillion.</p>

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Bitcoin Surges To $100k, Makes New All-Time High