The post Bitcoin Hits New All-time High Price $109,800— Veteran Trader Says Bull Run Begins appeared first on Coinpedia Fintech News
Bitcoin, the world’s largest cryptocurrency by market cap, has just hit a new all-time high of $109,788, passing its earlier record set in January. With this new surge, Bitcoin has now overtaken Amazon in market value and is the fifth-largest asset in the world with a market cap of $2.14 trillion.
But many experts say this is just the beginning. So, what’s pushing Bitcoin higher this time?
Institution Pouring Huge Capital
One of the biggest reasons behind Bitcoin’s rise is the growing interest from big institutions. MicroStrategy, now rebranded as Strategy, has added more BTC to its already massive stack, now holding over 576,000 Bitcoins, which is 2.7% of the total supply. That’s no small move.
Other companies are following their lead. Japan’s Metaplanet just bought 1,004 BTC, bringing its total holdings to 10,000 BTC. This growing corporate demand is one reason why many believe Bitcoin still has room to fly.
Politics and Policy Are Turning Pro-Bitcoin
It’s not just companies that are getting involved—governments are stepping in too. In the U.S., the GENIUS Act, which supports clearer stablecoin regulations, is moving forward in the U.S. Senate.
On top of that, President Donald Trump’s executive order to build a Strategic Bitcoin Reserve, and you’ve got real government-level support fueling investor confidence.
All this has added fuel to the fire. With all this support, Bitcoin’s market value has now reached $2.13 trillion, making it the fifth most valuable asset behind gold, Microsoft, Nvidia, and Apple.
Where Is Bitcoin Heading Next?
Looking at the recent Bitcoin rise, Veteran trader Peter Brandt believes this is just another step in a bigger rally. He thinks Bitcoin could reach $150,000 by August. He’s currently “long” on BTC, meaning he expects it to go higher.
Famous author Robert Kiyosaki also sees big things ahead, he says Bitcoin might even hit $250,000 this year.
So, while Bitcoin is already at a new high, many believe the real breakout is still ahead