Bitcoin surpasses 100K dollars, reaching a historical milestone

- Bitcoin rises 5.68%, reaching 101,549 dollars - Institutional fund inflows increase by 150%, market cap surpasses 2 trillion dollars [Unblock Media] The price of Bitcoin has surpassed the historic milestone of 100K dollars. This significant milestone suggests much about Bitcoin's sustained growth and its role. Firstly, according to CoinMarketCap, Bitcoin rose by 5.68% in the past 24 hours, reaching 101,549 dollars. Bloomberg indicates that the launch of spot ETFs (Exchange-Traded Funds) was a major factor contributing to the rise in Bitcoin's price, with institutional fund inflows increasing by 150% compared to last year. Major providers of Bitcoin spot ETFs include BlackRock, Fidelity, and Invesco, which collectively hold about 70% of the market share in the U.S. On Upbit, Bitcoin rose by 3.43% compared to 9 AM, reaching 1.44B KRW, breaking the record high. This shows that demand and popularity for Bitcoin remain strong in both the global and domestic markets. Bitcoin's market capitalization has risen about 130% compared to last year, surpassing 2 trillion dollars, matching the market cap of major companies like Nvidia and Apple. According to Statista, Bitcoin's current market cap is about 12% that of gold, indicating ongoing growth potential in the global asset market. This high market cap symbolizes that Bitcoin has established itself as an important asset in the financial markets beyond just being a digital asset. One of the major reasons for this substantial rise is the launch of spot ETFs. The introduction of spot ETFs has allowed more investors to easily access Bitcoin, acting as a crucial factor in facilitating fund inflows. The fact that these spot ETF products have gathered 30 billion dollars in just one year supports this view. Additionally, the political issues in the U.S. have also influenced the price rise, which is worth noting. According to CNBC, the anticipation of pro-business policies and the activation of the cryptocurrency industry following the re-election of former President Donald Trump contributed to the rise in Bitcoin's price. The jump from 70K dollars immediately after Trump's election to surpassing 100K dollars within just a month illustrates how political events can affect Bitcoin's price. However, there are also factors that could hinder Bitcoin's long-term rise. Forbes points out that regulatory uncertainties and potential interest rate hikes could be obstacles to Bitcoin's long-term growth. Overall, this price increase indicates that public trust and demand for Bitcoin are continually growing. With its decentralized nature, Bitcoin is emerging as an alternative to traditional financial systems, and this positive perspective can be sustained in the long term.