The Bitcoin price has just smashed through another psychological barrier, this one being US$110,000. It means that the already amazing US$100k price milestone, passed in December of 2024, is well and truly behind us in terms of all-time-highs for Bitcoin. This newest historic price milestone for Bitcoin in its 15-year journey from obscure whitepaper to global financial phenomenon is what the crypto bros and the crypto sisters have been dreaming about all along.

This has cemented Bitcoin's status as a dominant force in the global economy.

Bitcoin Price Rise: What Pushed BTC to $110,000?

Several macroeconomic and technological catalysts have converged to push Bitcoin to new heights.

Bitcoin Being Added to Government Treasuries

Several U.S. states have recently passed laws that would allow them to hold Bitcoin as part of their state treasury reserves. This is a landmark shift in how governments view money and could act as a powerful catalyst for pushing Bitcoin’s price even higher. The exciting thing about this for Bitcoin enthusiasts? It may mean that Bitcoin has become “money” in the eyes of the government.

This is massively symbolic, but also practical. It signals that Bitcoin is not just an investment for individuals or corporations. It's now being treated as sovereign-grade money.

These laws open up a new class of buyers: State treasuries.

This shows that Bitcoin is transcending political lines. It’s no longer just a tech or libertarian movement. It’s becoming a non-political issue rooted in monetary sovereignty.

If multiple U.S. states begin buying even modest amounts of Bitcoin for their treasuries, it could trigger increased institutional demand and also increased retail (everyday buyer) demand.

Global Adoption

Over the past year, institutional investors, including BlackRock, Fidelity, and JPMorgan, have launched Bitcoin ETFs that are now listed on major stock exchanges worldwide. These products have attracted record inflows.

Inflation Hedge Demand

With inflationary pressures persisting across multiple economies, particularly in the U.S., EU, and Australia, investors may have chosen to park their funds in Bitcoin as a hedge against fiat currency debasement.

Regulatory Clarity

After years of uncertainty, major regulators including the U.S. SEC and European Central Bank have established clearer frameworks for digital assets, boosting investor confidence.

Technological Innovation

The Lightning Network (which is a Layer 2 network to make Bitcoin work more efficiently) has seen increased adoption. This is enabling near-instant, and cheaper global transactions. This is heading towards Bitcoin being a global currency that can be used all over the world in a real sense.

Political Instability

Escalating tensions with free speech across several Western countries have driven demand for censorship-resistant, borderless money.

Bitcoin’s Price Evolution

Bitcoin was born in January 2009 when the enigmatic Satoshi Nakamoto mined the Genesis Block. At the time, it had no monetary value. It was a philosophical mission: “A peer-to-peer electronic cash system.”

In 2009, Bitcoin was worth $0.00. The first known purchase was in 2010: Programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC (~US$41). This is now celebrated as Bitcoin Pizza Day. By year-end, Bitcoin hits $0.08.

From there, through ups and downs, we arrive at 2025. Bitcoin broke $100,000 in the previous December and powered toward $110,000 within months. Now, with the $110k barrier passed, we are in a brave new world. 

What Does This Mean for the Future?

As Bitcoin crosses this monumental psychological barrier, analysts and economists are divided on what comes next. Some predict short-term consolidation, while others believe we’re witnessing the final phase of Bitcoin’s ascent to becoming a global reserve currency.

One thing is clear: Bitcoin is no longer an experiment, it is financial infrastructure.

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