Mike Novogratz, CEO of Galaxy Digital, emphasizes the significance of Bitcoin reaching $100,000, seeing it as a testament to adoption and belief in the cryptocurrency. He also notes that young people are more interested in digital assets and predicts a major wealth transfer. Bitcoin surpassed the $100,000 milestone for the first time in history, with its market cap exceeding $2 trillion. It is now on track to surpass Alphabet in market capitalization. The recent surge in Bitcoin's price was partly attributed to Federal Reserve Chair Jerome Powell acknowledging it as a digital version of gold, not a competitor to the US dollar. Additionally, the crypto industry is celebrating the nomination of Paul Atkins, a pro-crypto libertarian, to lead the US Securities and Exchange Commission. Bitcoin's current price is $102,514, with a record peak of $103,679 earlier today. It has seen a 142% increase so far.



Other News from Today