Bitcoin Approaches the $100,000 Barrier
On Thursday, May 8, 2025, Bitcoin recorded a significant rise, trading at around $99,600 on platforms like Binance and Coinbase, an increase of 5.2% over 24 hours. This rise was driven by investor optimism following U.S. President Donald Trump's announcement of a comprehensive trade agreement with the United Kingdom, restoring confidence in global markets.
🔍 Is jumping to a million dollars possible?
According to Joe Burnett, market research director at Unchained, Bitcoin could reach $250,000 by the end of 2025, with the potential to hit a million dollars by 2030, based on Bitcoin's unique monetary properties and scarcity.
⚠️ Market Volatility
Despite the optimism, it is essential to note that the cryptocurrency market experiences significant volatility. For example, CoinCodex predicted Bitcoin's price to rise to $121,243 by May 12, 2025, representing a 24.86% increase over five days.
✅ Conclusion
Bitcoin is approaching the $100,000 barrier, which may indicate the beginning of a new phase in its history. While forecasts suggest the possibility of reaching a million dollars in the future, investors should exercise caution due to ongoing market volatility.