Bitcoin is on the brink of reaching the $100,000 milestone, spurred by a rally that commenced with Donald Trump’s election, according to a recent note by Bernstein. Trading above $90,000, the cryptocurrency’s surge is attributed to anticipations of relaxed regulations. Bernstein remains bullish, forecasting a climb to $200,000 by 2025, propelled by expectations of pro-crypto appointments for key U.S. positions like the SEC chair and Treasury Secretary.

The brokerage firm points out that the crypto market’s outlook is optimistic, irrespective of the specific appointees. Current efforts in the U.S. to establish a Bitcoin reserve signal a positive legislative attitude, although it could be a lengthy process. The growing interest from institutional, corporate, and retail sectors underscores the widespread adoption of Bitcoin, indicating a shift towards broader institutional and sovereign engagement.

Further bolstering this trend, Trump’s administration is poised to enhance U.S.-based Bitcoin mining and ease the process for token registration. Such initiatives, along with support for stablecoin legislation, are expected to significantly drive institutional and sovereign demand for Bitcoin, shaping a new era of digital asset investment.

In anticipation of a solo exhibition by artist Nardo at Bitcoin Mena, in collaboration with AOTM Gallery, I sat down with him to explore the intersections of memes, mythologies, and digital culture. Nardo’s work navigates the intriguing space between the tangible form of traditional painting and the fleeting nature of meme culture—two seemingly contrasting mediums that are evolving in tandem with Bitcoin.

The title of your exhibition, Fresh Impact, and the centerpiece painting, Sandwich Artist, both reference Subway-related memes. Notably, Subway became the first…

Read more on BitcoinMagazine

MicroStrategy, the largest public holder of Bitcoin, announced the purchase of 51,780 BTC for $4.6 billion at an average price of $88,627 per coin. This acquisition raises its total Bitcoin holdings to 331,200 BTC, accumulated at an aggregate cost of $16.5 billion, with an average purchase price of $49,874 per Bitcoin.

The purchase was funded through proceeds from a share sale under an agreement finalized on Oct. 30. Between Nov. 11 and 13, the company raised $4.6 billion by selling 13.6 million shares. MicroStrategy still holds $15.3 billion in shares available for future sales, as disclosed in a recent SEC filing.

This acquisition occurred as Bitcoin reached historic highs, surpassing $90,000 on Nov. 12 and climbing to over $92,400 the following day. MicroStrategy’s steadfast accumulation strategy underscores its confidence in Bitcoin’s long-term growth potential, cementing its role as a pioneer in corporate crypto adoption.

Follow Mark on X.

Did you know the Bible is practically a financial thriller? Yep, it’s got more money talk than a Wall Street boardroom—over 2,300 verses on cold, hard cash. That’s right, the Good Book might as well have been the Good Ledger, with more mentions of money than heaven and hell put together. So, in the spirit of financial enlightenment and a dash of divine humor, let’s ponder a celestial question: Would Jesus have been a Bitcoin…

Read more on BitcoinMagazine