Bitcoin just hit $99,000, and it’s on the verge of a historic milestone—breaking the $100,000 mark. On Thursday, November 21, Bitcoin reached $99,400, according to Coinbase data. The buzz around the world’s top cryptocurrency is growing louder as it keeps hitting new record highs.
Why Is Bitcoin Booming?
Right now, Bitcoin’s popularity is through the roof. Traders, media, everyday investors, and big institutions are all jumping in. The market feels optimistic, or as experts call it, “bullish.” Marc P. Bernegger, cofounder of AltAlpha Digital, says this could be just the start of a bigger run.
Why $100K Matters
Reaching $100,000 isn’t just a nice number—it’s a big psychological milestone. Patrick Liou from Gemini explains that when prices spike, more people pay attention. Even now, searches for “Bitcoin” are relatively low compared to past spikes. If Bitcoin crosses $100K, it could trigger another surge in interest and investment, especially early next year.
Politics and Crypto
One of the biggest factors driving Bitcoin’s rise is the shift in U.S. politics. With the recent election, Republicans now control the White House, Senate, and House of Representatives. They’ve promised to take a lighter approach to crypto regulations, which is great news for the industry.
For example, Gary Gensler, the current SEC Chair known for strict crypto oversight, is set to step down in January.
Former President Donald Trump, now reelected, has openly supported digital currencies. Trump previously said he’d fire Gensler, and now that promise could reshape crypto policy.
Eric Demuth, CEO of Bitpanda, calls Trump’s win a game-changer. He says it’s removing uncertainty and paving the way for crypto-friendly regulation. Europe has already made strides with crypto market rules, and central banks are starting to integrate crypto into traditional systems. Now, the U.S. seems ready to follow suit.
The Road Ahead
Experts believe Bitcoin hitting $100K will be more than just a number. It represents a major shift in how the world views and uses cryptocurrencies. As retail adoption grows and financial systems adapt to crypto, this could mark the start of a new era.
“The market is eager, prices are rising. This isn’t just a number—it’s a turning point,” Demuth says.
If you’re into crypto, this is a moment to watch. $100K isn’t just a milestone—it’s a signal that the future of finance is changing right before our eyes.