The price of Bitcoin has risen to around 96,895, nearing the 100,000 threshold, driven by several key factors. Institutional adoption has accelerated, with companies like Strategy (formerly known as MicroStrategy) holding over 550,000 Bitcoins and planning further acquisitions through a $21 billion stock offering. The approval of Bitcoin exchange-traded funds has also contributed to increased investments from traditional financial institutions.

Political developments have also played a role. President Trump established a strategic Bitcoin reserve in the United States and a more crypto-friendly regulatory environment, boosting market confidence. Additionally, Bitcoin is increasingly seen as a hedge against inflation and market volatility, attracting investors amid global economic uncertainty.

Analysts expect the price of Bitcoin to reach between 120,000 and 200,000 by 2025.