Bitcoin Surpasses $106,000 to Set a New Record
Bitcoin (BTC-USD) captured fresh attention from investors on Monday as it surged past $106,000, achieving a new all-time high.
Since Donald Trump’s presidential victory in November, the cryptocurrency has climbed over 50%, driven by expectations of crypto-friendly policies from the upcoming administration.
Institutional Interest Fuels Bitcoin’s Meteoric Rise
Much of Bitcoin’s price surge can be traced to institutional investors and significant inflows into bitcoin spot ETFs.
“Demand for Bitcoin ETFs has been unrelenting, with over $2 billion in inflows recorded just last week,” analysts from Bernstein highlighted in their Monday report. Notably, in seven of the past nine weeks, Bitcoin ETF inflows exceeded $2 billion.
Despite more than doubling in value this year, some Wall Street analysts anticipate Bitcoin could gain an additional 100% by the end of 2025.
Institutional Buying Adds Momentum
UK-based Standard Chartered recently reported that institutions have acquired 683,000 tokens year-to-date through spot ETFs and direct purchases, such as those by the software giant MicroStrategy (MSTR).
Approximately a third of these purchases—equivalent to 245,000 bitcoins—have been made since the last presidential election.
“In 2025, we expect institutional flows to continue at or above the 2024 pace,” stated Geoff Kendrick, global head of digital assets research at Standard Chartered, earlier this month.
Bitcoin Boosts Crypto-Related Stocks
On Monday, stocks tied to the cryptocurrency sector also saw gains, with MicroStrategy (MSTR) climbing 4% ahead of its inclusion in the Nasdaq 100 (^NDX), scheduled for December 23.
Bitcoin’s recent surge has drawn attention even from more traditional portfolio managers.
Market Sentiment Around Bitcoin
“Bitcoin has been nothing short of phenomenal. It’s worked well, and it’ll likely continue to perform,” remarked George Seay, founder and chairman of Annandale Capital, in an interview with Yahoo Finance.
He added:
“While it doesn’t fit traditional financial metrics, Bitcoin thrives as a psychological hedge—against fiat currency, government control, and inflation. It works, and that’s undeniable.”