Bitcoin can't break the $100,000 barrier.
As of 9:00 AM on the 25th, Bitcoin recorded 136.14 million won on Upbit, a domestic virtual asset exchange. It is being traded at 136.29 million won on Bithumb. On CoinMarketCap, a virtual asset market relay site, it was at $97,973. It even rose to $98,500 during the day.
At the same time, Ethereum, the second largest market cap, recorded 4.67 million won on Upbit and 4.67 million won on Bithumb. It was traded at $3,359 on CoinMarketCap.
Recently, there has been no special favorable news for virtual assets such as Bitcoin, and they have not been able to break the $100,000 barrier. The market is viewing $100,000 as a resistance line for profit taking as Bitcoin approaches $100,000. However, Bitcoin is expected to continue to strengthen. There are expectations that Bitcoin will become a national reserve asset in the second Trump administration, and that it can be purchased as a 'strategic reserve' item like crude oil or rare earth elements.
Michael Novogratz, founder of virtual asset management company Galaxy Digital, said, “It’s unlikely, but if it becomes a strategic reserve asset, the price will go up to $500,000 because all other countries will have to adopt Bitcoin.” Cathy Wood of investment firm ARK Investment, known as the “Money Tree Sister,” predicted that Bitcoin could reach up to $1.5 million by 2030.
