Bitcoin Hits Historic Highs Fueled by ETF Approval and Trump's Victory! 🚀💰

2024 has been a golden year for Bitcoin, which has surpassed the $100,000 barrier. This milestone is attributed to the SEC's approval of Bitcoin ETFs in January, attracting major institutional investors like BlackRock and Fidelity, accumulating over $100 billion in assets.

Donald Trump's electoral victory has also played a crucial role, as his administration promises more favorable regulation for cryptocurrencies, including proposals like the Bitcoin Act of 2024, which would allow the government to acquire Bitcoin as a strategic reserve.

Companies like MicroStrategy, led by Michael Saylor, have increased their investments in Bitcoin, solidifying their position as the largest corporate holder with 439,002 units, valued at over $40 billion.

Despite these advancements, Federal Reserve Chairman Jerome Powell has stated that the institution cannot own Bitcoin due to legal restrictions, sparking debates about the future of cryptocurrency in federal reserves.

With these developments, Bitcoin solidifies its position as a key asset in the global financial landscape, attracting both institutional investors and governments.