Bitcoin Hits a Milestone: $100,000

Bitcoin now stands as arguably the most successful investment product of the last 20 years. The price of a single crypto currency rose to six figures for the first time. Experts say it's an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.

Bitcoin has more than doubled in value this year, with a 45% increase in the four weeks since Donald Trump's election victory. This surge pushed Bitcoin above $100,000 for the first time, amid expectations that Trump's administration will foster a pro-cry pto environment.

The sharp rise in Bitcoin’s value signals growing mainstream acceptance. Trump's support for the crypto currency stance during his campaign, including his pledge to make the U.S. the crypto capital of the planet", has fueled optimism in the market.

Despite the surge, crypto experts caution that Bitcoin's future behaviour is uncertain due to its limited historical data.

Independent cryptocurrency commentator Justin D'anethan said, that the bitcoin could reach $180K, possibly $240K, but sustainability is unclear. "Whether it holds or crashes depends on risk appetite and resilience during downturns", he added.

This growth signals Bitcoin's increasing legitimacy in the global financial landscape. 

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