Summary: As most probably everyone knows, bitcoin just blew the roof crossing and shattering records. BTC managed to hit $100,000 which is an absurd amount for the first time ever on December 6, 2024.This isn’t all shiny and good for economic and valuation for traditional markets as other assets like gold suffered while BTC surged by 32% this last month alone. Experts are hyped, predicting even bigger moves in 2025.
The $100K Club
Bitcoin finally broke into six figures, and the vibes are unreal. Traditional markets like oil (-6.3%) and gold (-1%) struggled, but Bitcoin’s been on fire, shooting up 32% in just a month. Crypto analyst Quinten François calls this the start of Bitcoin’s “euphoria stage,” where prices skyrocket as everyone piles in. “You’ve got 12 months max before the cycle hits its top,” he said, basically telling us to buckle up.
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Why’s Everyone So Bullish?
A lot of it comes down to profits. The Net Unrealized Profit/Loss (NUPL) metric shows most BTC holders are winning big, and when people see green, they want more. Plus, even though global liquidity is drying up and other markets are stalling, Bitcoin’s thriving. It’s like the cool kid at the party that just doesn’t quit.
How Long Will It Last?
Not forever, but there’s still room to run. Jamie Coutts from Real Vision says if the global money situation worsens, things could slow down. But Raoul Pal, CEO of Global Macro Investor, is optimistic, predicting BTC could hit $110K by January 2025. If money flows loosen up, who knows? The moon might not be the limit anymore.
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