Bitcoin's rise above $100,000 has sparked discussions about its potential trajectory and its role in the global financial system. It is now being compared to global corporations like Apple and Microsoft in terms of market capitalization. Its volatility is likened to commodities such as gold and oil, with some seeing it as a hedge against inflation. Bitcoin's current market capitalization places it as the 10th largest global currency and the 12th largest country by value. Trading volumes have also spiked, reflecting increased investor demand. Factors driving its growth include El Salvador's adoption of Bitcoin as legal tender and companies holding it as a strategic reserve asset. Several U.S. states have recognized Bitcoin as part of their reserve systems. Analysts predict Bitcoin could eventually reach $1 million, with some predicting it to reach $250,000 within the next 12 months.
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