DIGIVESTASI - Bitcoin Reaches Historic Milestone, Surpasses $100,000, Bitcoin (BTC), the world’s largest cryptocurrency, has reached a historic milestone by surpassing the $100,000 mark for the first time since its inception in 2009.

This groundbreaking moment occurred on Thursday (December 5) at 9:40 AM WIB, when Bitcoin's value hit $101,000, equivalent to approximately IDR 1.6 billion. In the past 24 hours, trading volume surged over 30%, reaching $88.4 billion. This achievement also propelled Bitcoin’s market capitalization to exceed $2 trillion, marking a 5% increase in a single day.

Drivers Behind Bitcoin's Price Surge

Over the past month, Bitcoin has demonstrated remarkable performance, with a price increase of 48.85%. Several factors have fueled this surge, steadily building market momentum.

The current Bitcoin rally began following the U.S. presidential election on November 5. Donald Trump’s victory provided a positive sentiment that pushed Bitcoin’s price from $68,000 to $73,000 within hours.

The price continued climbing, reaching $90,000 on November 12, despite a brief pause caused by hawkish comments from Federal Reserve Chair Jerome Powell regarding interest rate policy.

Momentum regained strength after the launch of trading options for the BlackRock iShares Bitcoin Trust (IBIT) ETF on November 19. The product recorded $1.9 trillion in options transactions within a day, highlighting growing institutional investor interest in Bitcoin.

Market optimism was further bolstered by the announcement of a new crypto-specific position in the White House by Trump’s transition team and the upcoming resignation of SEC Chair Gary Gensler in January 2025.

Additionally, large-scale accumulation by institutional investors, or whales, along with aggressive moves by companies like MicroStrategy and Marathon Digital, has been a key driver of Bitcoin’s price surge.

Future Bitcoin Price Projections

With Bitcoin crossing the $100,000 threshold, analysts predict further growth potential. Florian Kössler, a Bitcoin analyst, anticipates the price could reach $150,000 by 2025. This projection is based on historical patterns from the Logarithmic Regression model, which shows significant price increases after each halving event.

Historically, post-halving price increases were 8,000% in 2012, 2,900% in 2016, and 560% in 2020. If this trend continues, a 300–400% rise after the April 2024 halving could propel Bitcoin’s price to $150,000.

Matthew Sigel, head of digital asset research at VanEck, expressed optimism that Bitcoin could reach $180,000 by 2025. He compared the current surge to the 2020 bull run, which saw a 1,000% increase from its lowest point.

Meanwhile, a report from Bernstein in October projected that Bitcoin could hit $200,000 by the end of 2025. This forecast is supported by rising institutional demand, more favorable crypto regulations, and significant acquisition strategies by companies like MicroStrategy, which plans to invest up to $42 billion in Bitcoin over the next three years.

These factors suggest that Bitcoin maintains a strong bullish outlook as institutional and public adoption continues to expand.

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