$BTC Bitcoin (BTC) has once again broken the $100,000 mark, currently trading around $103,000 with a market capitalization exceeding $2 trillion. This resurgence follows a period of consolidation and is fueled by renewed market optimism, partly attributed to a recent trade agreement between the U.S. and the U.K.
Bitcoin, the first decentralized cryptocurrency, was introduced in 2008 by the pseudonymous Satoshi Nakamoto. It operates on a blockchain, a public, distributed ledger that records all transactions. Its limited supply of 21 million coins is a key factor in its perceived value as a digital store of wealth.
Analysts are optimistic about Bitcoin's future, with some predicting further gains in 2025, potentially reaching $130,000 to $200,000. Long-term forecasts by figures like Cathie Wood suggest even more substantial growth by 2030. While short-term volatility is expected, the overall sentiment remains bullish as Bitcoin continues to gain wider adoption and institutional interest.