#On the morning of December 5, 2024, BTC reached a new high of 100000 US dollars, marking the first time in Bitcoin's history that the price has surpassed 100000 US dollars. Since Trump's victory in the US election, his increase has reached 40%. This means that after more than 15 years since its inception, Bitcoin's market value has approached $2 trillion, close to the market value of two Teslas or three JPMorgan Chase.The main reasons for the rise of Bitcoin are as follows:-Trump has won the US election, and the national industrial policy he has led since taking office may place greater emphasis on the cryptocurrency sector.-Currently in the Federal Reserve's interest rate cut cycle, the liquidity of the US dollar will become increasingly abundant.-Trump nominated conservative lawyer Atkins, who has always supported cryptocurrency, as the chairman of the US Securities and Exchange Commission, which has also driven the upward trend of Bitcoin.-Russian President Putin has questioned the necessity of Russia holding foreign exchange reserves and hinted that Bitcoin may be a better option. As Western sanctions bring difficulties to the Russian economy, the Kremlin is increasingly accepting digital assets, marking a shift in its previous anti crypto stance.Hu Jie, a professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University and former senior economist at the Federal Reserve, stated that assets like Bitcoin have no inherent use value and do not distribute any cash to the outside world. Its price trend depends on how many people trade it, especially how many people come in to speculate in the future, as well as their amount of funds and mentality.Some argue that the Federal Reserve's policy adjustments and market liquidity expectations have driven a preference for risky assets; The scarcity of Bitcoin supply has strengthened price increases, and its halving mechanism is triggered every four years. The fourth halving was completed in April this year; Bitcoin spot ETFs have lowered investment barriers and attracted capital inflows. For example, BlackRock IBIT's asset management scale exceeded 500000 bitcoins (approximately $48 billion) on Monday. MicroStrategy also increased its holdings of 15400 bitcoins at an average price of $95976 per coin between November 25th and December 1st, with a total investment of approximately $1.5 billion.However, the price trend of Bitcoin is uncertain and can be influenced by various factors such as investor sentiment and policy changes. When investing in Bitcoin or other cryptocurrencies, it is necessary to fully understand the related risks.{future}(BTCUSDT)
