Bitcoin’s comeback: Will it cross the $100,000 mark soon?

Bitcoin has surged to a record high, going past $89,000 on Tuesday following the recent US elections, where Donald Trump secured another term. This rally has sparked significant interest among investors, both retail and institutional, who are now eyeing the $100,000 milestone as Bitcoin’s next potential target.
The climb in Bitcoin’s value is seen by many as a reaction to global economic shifts and regulatory changes, especially in the US. Many investors view the newly elected administration’s pro-crypto stance as a signal for positive regulatory support, which could make Bitcoin an even more attractive investment. This sentiment has led to an influx of funds into the digital asset market, with Bitcoin taking the lead.
Sumit Gupta, co-founder of CoinDCX, talked about Bitcoin’s recent performance, highlighting how the rise reflects growing confidence in digital assets.
“This record-breaking high underscores the renewed interest in digital assets and the confidence sparked by global macroeconomic and regulatory shifts. The $100,000 mark is indeed the next major psychological milestone for Bitcoin.”
Gupta pointed out that significant investments, such as those planned by tech firm MicroStrategy, along with the positive regulatory climate, are driving both retail and institutional investors to allocate more funds into Bitcoin and other cryptocurrencies.
Gupta further said that the US’s pro-crypto approach is likely to attract high-value customers and institutional buyers, seeing it as a maturing opportunity for Bitcoin to establish itself as a stable store of value.
Donald Trump’s win has injected fresh optimism among crypto advocates, as he has previously championed a supportive regulatory framework for digital assets. With around 30-40% of the US population reportedly owning some form of cryptocurrency, the potential for broader acceptance and easier regulatory conditions has fuelled confidence in Bitcoin’s trajectory towards $100,000.
Edul Patel, CEO and co-founder of Mudrex, commented on this momentum and said, “Donald Trump’s recent electoral victory and his campaign promises for a crypto-friendly regulatory framework have instilled confidence in Bitcoin. His stance has encouraged more institutional investment and strengthened market sentiment in the US. With these favourable conditions, Bitcoin appears to be on a path toward the $100,000 milestone in the next few days.”
Patel highlighted that while the conditions appear promising, it will be essential to monitor global regulations in response to Bitcoin’s ongoing surge. Regulatory changes in other regions may also play a role in determining how Bitcoin fares in the long term.
With Bitcoin and other cryptocurrencies gaining attention, calls for clearer regulatory guidelines have grown. Industry experts believe that investor confidence could increase with regulatory frameworks that protect consumers and encourage more innovation. For instance, friendly policies that support blockchain technology and allow banks to safely engage with crypto could help mainstream adoption of digital assets.
Vishal Sacheendran, Head of Regional Markets at Binance, commented on the regulatory angle, saying, “Clearer rules and a friendlier stance towards crypto businesses have the potential to increase investor confidence, encouraging further innovation and mainstream adoption of virtual digital assets. I believe that the broader crypto ecosystem could benefit from policies that promote blockchain infrastructure, provide a better route for financial institutions to engage with crypto, and enhanced protections that make the sector safer and more appealing for a wider audience.”
However, Sacheendran also cautioned investors about the risks in such bullish markets, urging them to research thoroughly and not to be swayed purely by market enthusiasm or hype.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)