For the first time in history, Bitcoin surpassed the $100,000 mark - Lang Son Newspaper

On the morning of December 5 (Vietnam time), Bitcoin price surpassed 100,000 USD for the first time, also exceeding experts' forecasts.

Bitcoin had previously surged to nearly $100,000 in November following the post-US presidential election rally, before falling to a low of $91,000 due to profit-taking by investors.

This Bitcoin price surge is largely due to market expectations of greater regulatory clarity for cryptocurrencies and a more friendly government towards the currency since Trump's election victory.

This is seen as a welcome opportunity for long-time Bitcoin investors who have held on through many ups and downs even as governments and financial institutions remain skeptical of the asset.

At one point, the price of Bitcoin reached $103,166.04. (Screenshot)

The $100,000 price tag is the latest lucrative milestone for the 15-year-old digital currency that has been the subject of controversy. But the volatility of Bitcoin’s price remains of interest to many, including those not involved in cryptocurrencies.

Following the recent US presidential election, Bitcoin advocates hope that a new pro-crypto stance will emerge in Washington, ending strict regulations and enforcement on digital tokens. At the same time, it will open up Bitcoin investment opportunities for traditional financial institutions and make Bitcoin mining more profitable.

Donald Trump, a former cryptocurrency skeptic, has expressed interest in creating a U.S. “strategic reserve” of Bitcoin modeled after gold and oil. In his third presidential bid, he appeared at this year’s Bitcoin Conference in Nashville, Tennessee, to praise the cryptocurrency community for its innovation while pledging to make the U.S. the crypto capital of the world if elected.

However, experts say Bitcoin prices remain very volatile and this is unlikely to change.

Source: https://baolangson.vn/lan-dau-tien-trong-lich-su-bitcoin-vuot-moc-100-000-usd-5030797.html