Bitcoin $BTC $118 920 surged past $122,000 for the first time in nearly a month, coming within 0.84% of its all-time high of $123,091.61, making it one of the best crypto to buy in 2025.

The rally coincided with a surge in network activity, with daily creation of 364,126 new Bitcoin addresses, the highest in a year, indicating massive adoption as per analyst Ali Martinez.

The Perfect Asset

Veteran investor Willy Woo described Bitcoin as an perfect financial asset with the potential to last for the next millennium, yet acknowledged it remains far from overtaking gold or the US dollar in market dominance.

Bitcoin’s current market capitalization of $2.43 trillion is still under 11% of gold’s $23 trillion and follows the US dollar’s $21.9 trillion supply. Woo noted that for Bitcoin to achieve world reserve status, massive capital inflows are required.

Key Cautions

Woo warned that with Corporate adoption through #Bitcoin treasury holdings expanding, opaque debt structures pose the threat of a treasury bubble.

Additionally, reliance on exchange-traded funds and custodial services concentrates ownership, potentially exposing Bitcoin to government intervention. While these on-ramps bring more capital, they also carry systemic risks if large holders do not adopt self-custody.

As reported earlier, even Harvard University held $117 million worth of shares of BlackRock’s iShares Bitcoin ETF. Other Bitcoin backers include Metaplanet and Strategy, with companies like Mill City Ventures expanding support for altcoins like SUI.