Bitcoin has recently hit a new all-time high of $104,000 on Coinbase, driven by a combination of factors. The approval of spot Bitcoin exchange-traded funds (ETFs) has brought in institutional investors, while the Bitcoin halving event has reduced supply and increased demand. The US presidential election outcome, with Donald Trump's pro-crypto stance, has also contributed to the surge. Trump's nominations for key positions, such as Paul Atkins as SEC chair, have further boosted investor confidence. Analysts predict Bitcoin could reach $200,000 by the end of 2025, citing increased institutional investment and favorable macroeconomic conditions.¹
