Bitcoin's price has surged past the $100,000 mark for the first time, fueled by institutional demand, corporate accumulation, and heightened expectations of crypto-friendly policies under Donald Trump's presidency.

The price increase of Bitcoin, now up approximately 130% year-to-date, brings its market capitalization just shy of $2 trillion, 15 years after its inception. For comparison, major technology companies like Nvidia and Apple have market caps around $3.5 trillion.

The driving force behind this rally was the launch of spot-based Bitcoin exchange-traded funds (ETF) by major asset managers such as BlackRock and Fidelity in early 2024, which have amassed around $30 billion in assets under management in less than a year.

Despite earlier stagnation in Bitcoin's price due to regulatory uncertainties, Trump's November election victory catalyzed market movement beyond its previous highs.

Corporate Adoption

Growing corporate interest in Bitcoin has been pivotal, exemplified by MicroStrategy, led by Executive Chairman Michael Saylor, which has amassed a total of 386,700 Bitcoin worth over $38 billion. Other companies, including U.S.-listed Semler Scientific and Japan-listed Metaplanet, have followed suit in accumulating Bitcoin.