Despite the controversy, the expectations of achieving greater gains have led to the establishment of a growing number of companies to invest in Bitcoin and other cryptocurrencies. It has also resulted in a series of deals and plans to take digital asset companies public.

Edward Chen, co-founder of Parataxis Capital, commented: "Reaching the $100,000 level represents a clear psychological milestone. Given the participation of many public companies in Bitcoin treasury, and more on the way, I believe Bitcoin will move significantly upward by the end of the year."

In a notable development on Thursday, Coinbase Global agreed to acquire the Deribit platform, the world's largest exchange for Bitcoin and Ethereum options, for $2.9 billion, in a move aimed at strengthening its presence in the financial derivatives market.