Experts and Analysts React to Bitcoin’s Rise Beyond $100,000: What’s Next?

Bitcoin’s (BTC) 7% rise above $100,000 in the past 24 hours has sparked a massive backlash within the crypto community. Market experts and analysts discuss the factors that led to this historic decision and speculate on how high bitcoin can reach, given the current state of the market.

CryptoPotato received remarks from analysts at crypto exchange Bitfinex and on-chain analytics platform Nansen. Additionally, founders of traditional financial companies heavily invested in the leading digital currency have abandoned their views on victory.

Analysts React to BTC Above $100,000

According to Bitfinex analysts, the halving earlier this year influenced bitcoin’s move beyond $100,000. Following the April event, BTC’s supply was cut in half, along with its issuance rate and inflation, leading to a slow supply shock.

The US Federal Reserve has avoided a “plausible recession” and a major labor market crisis, contributing to bitcoin’s rise to $100,000. For Bitfinex analysts, preventing a real estate collapse despite rising housing loan default rates added to macroeconomic stability, creating a favorable environment for BTC development.

Another factor is the comparison of BTC and gold made by Federal Reserve Chairman Jerome Powell during the New York Times DealBook Summit on December 4. said The leading cryptocurrency competes with the precious metal, not the US dollar.

Short-term Bitcoin target at $112,000

Topping the list is the emergence of cryptocurrency-friendly Donald Trump as the 47th president of the United States. During his campaign, Trump took a pro-crypto stance and won over the digital asset community. Now, he has named cryptocurrency-friendly Paul Atkins as chairman of the U.S. Securities and Exchange Commission.

Nansen senior research analyst Aurélie Barthere said Atkins’ appointment help bitcoin’s final milestone to $100,000.

As BTC continues its surge, Bitfinex has set its short-term target at $112,000 – the asset was worth $101,820 at press time. Analysts said business activities would decline during the holiday period; however, the market will continue to experience a long-term distribution of holders.

From Nansen’s perspective, the positive seasonality of December should prevent any major correction in the Bitcoin price. However, traders’ expectations could be dashed if Trump prioritizes tariff and immigration policies after his January 20 inauguration.

Regardless, Richard Teng, CEO of the world’s largest crypto exchange, Binance, believes Bitcoin’s journey to $100,000 is a testament to how bold ideas can shape the digital future. Cathie Wood, founder of asset manager Ark Invest, said:

“Even after crossing the $100,000 mark, bitcoin is still in its infancy.”