Bitcoin has surged to unprecedented heights, breaking through the $120,000 barrier and setting a new all-time high that underscores the cryptocurrency’s growing acceptance and adoption. As of 08:00 GMT on July 14, Bitcoin was trading at approximately $122,700, marking nearly a 30% gain year-to-date, according to CoinDesk data. This milestone not only reflects Bitcoin’s resilience but also signals a transformative moment in the broader financial landscape, shaped by a combination of strong institutional demand and significant shifts in US regulatory and policy environments.

One of the primary drivers behind Bitcoin’s meteoric rise has been the surge in institutional interest. Over the past year, a growing number of large-scale investors, hedge funds, and publicly traded companies have added Bitcoin to their portfolios, seeking diversification and protection against inflation. This institutional embrace has helped legitimize Bitcoin as a serious asset class beyond its initial reputation as a speculative digital token.

Recent data from Farside Investors reveals that Bitcoin ETFs (Exchange-Traded Funds) alone have attracted over $50 billion in net inflows as of July 10, reflecting an influx of capital that has dramatically boosted demand. ETFs offer a regulated and accessible means for institutional and retail investors to gain exposure to Bitcoin without the need to hold the digital currency directly, thereby lowering the entry barriers and mitigating some security concerns traditionally associated with cryptocurrency holdings.

Perhaps even more influential than market forces is the role of US policy under President Donald Trump, who has taken an unprecedented stance in support of cryptocurrency. Branding himself as the “crypto president,” Trump’s administration has pushed forward measures aimed at creating a friendlier regulatory environment for digital assets, fulfilling campaign promises to........

© Blitz