Hold onto your hats, crypto fans! Bitcoin just didn’t stroll past the $110,000 mark; it blasted through it like a rocket powered by institutional rocket fuel. For the very first time ever, Bitcoin surged past $110,000. The party’s still going strong with Bitcoin trading up 4,7% at $111,300, according to HoldFM's pricing page.
It's time!
— HodlFM Team (@Hodl_fm) May 21, 2025
Bitcoin $BTC just hit an ATH 🔥 pic.twitter.com/26LivBTVDx
So, what’s behind this meteoric rise? Forget the usual FOMO-fueled retail hype; this time, it’s the big sharks making waves. Min Jung from Presto Research spills the tea: Treasury accumulation by firms like Strategy, Metaplanet, and Twenty One Capital is the secret sauce. Unlike the rollercoaster bull runs driven by casual traders throwing spare change at the market, this rally is built on solid, long-term institutional confidence. These aren’t your weekend crypto warriors; they’re the serious, dollar-sign-holding pros.
Leading the pack is Michael Saylor’s crypto behemoth, Strategy. This titan recently snapped up a cool 7,390 BTC, boosting its massive hoard to 576,230 BTC. That’s enough Bitcoin to make even the biggest skeptics do a double-take. And wait for it, Strive Enterprises, co-founded by the ever-ambitious Vivek Ramaswamy, is plotting to build a treasure chest of 75,000 BTC, valued at a whopping $8.2 billion, scooped up from the Mt. Gox estate. Talk about stacking sats with style and swagger!
Perfect Storm Brewing for Bitcoin’s Next Big Leap
What’s cooking behind the scenes? Roshan Robert, CEO of OKX’s U.S. division, lays it out plainly: this surge isn’t a one-trick pony. It’s a powerful cocktail of factors, corporate treasury strategies bulk-buying Bitcoin like it’s the hottest asset on Wall Street, ETF inflows flooding in, macroeconomic uncertainty making traditional assets look shaky, and regulatory signals that are surprisingly friendly. Mix in Bitcoin’s built-in scarcity, after all, there will never be more than 21 million, and you’ve got the perfect recipe for a comeback that’s turning heads across finance.
Min Jung from Presto Research believes this rally is just the "early innings" of a fundamental institutional shift. This isn’t some flash-in-the-pan bubble; it’s the start of a new era where Bitcoin is being taken seriously as a core asset. Presto’s bold 2025 price target? A jaw-dropping $210,000, originally forecast in late 2024, and still firmly on track.
So, buckle up, Bitcoin’s not just back on the map, it’s rewriting the rules of the game. If the big players are this hungry now, who knows how high this rocket might really go?
Kristian Koch
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