Bitcoin approaches $100,000 milestone after strong gains in 2024

Bitcoin is approaching a significant milestone, nearing a value of $100,000. It has more than doubled in price since the start of 2024, currently around $99,000. This surge follows the approval of Bitcoin exchange-traded funds by the SEC and the recent election of President-elect Donald Trump. The cryptocurrency's rise marks a recovery from previous downturns, including a drop to $16,548 in late 2022. In the past year, Bitcoin's value has increased by nearly 130%, with the number of Bitcoin millionaires rising to 85,400, a 111% increase. Bitcoin's journey has been marked by volatility, with significant price fluctuations and regulatory challenges. Despite its recent success, it remains uncertain how it will perform in the future, as it is still closely tied to tech stock trends.