Bitcoin Blows Past 100,000 on Wednesday

As bitcoin blew past 100,000 on Wednesday, the digital coin is up 140% in 2024…. it is also the most successful investment play of the decade.

Exchange-traded funds have brought in billions in 2024, with institutional investors impacting the digital currency like no previous year.

Bitcoin has been seen favorably of late as President-Elect Donald Trump is seen favorably by the industry, and limited regulation is welcomed by true believers.

But after years of skepticism even as Bitcoin was rising, the impact of Wall Street jumping in is the most dramatic change in 2024. Ishares Bitcoin Trust is well over $50 billion in assets, for instance, in its first year.

With Bitcoin’s acceptance, the banking industry might have to truly take note of customers’ wishes to hold at least a percentage of funds in the cryptocurrency versus the dollar in the near future.