Bitcoin Surpasses $100,000 Milestone Amid Positive Trade News and Projections

Bitcoin crosses $100,000 milestone thanks to easing global trade tensions and positive forecasts from major financial institutions. US Treasury’s Scott Bessent’s discussions in Switzerland add optimism. Fed maintains interest rates despite presidential pressure. Projections for Bitcoin growth remain bullish, with estimates reaching up to $1.2 million by 2030.

Bitcoin has surged past the $100,000 mark today, a notable achievement after weeks of building momentum. This jump follows a US-UK trade agreement that seems to ease global trade tensions and bolster risk appetite throughout financial markets. Many investors are closely monitoring these developments, as they could influence the trajectory of cryptocurrencies in the ongoing rally.

Additionally, optimism has grown thanks to US Treasury Secretary Scott Bessent’s recent meetings in Switzerland with Chinese officials about tariff issues. Bessent was reported saying that existing tariffs and trade barriers are unsustainable and that a full decoupling isn’t desired. This diplomatic push adds further momentum to Bitcoin’s climb and contributes to a wider cryptocurrency market boost, with overall market capitalisation climbing around 2.5% in just 24 hours, reaching an impressive $3.09 trillion.

In other news, the Federal Reserve has chosen to hold interest rates steady, ignoring pressure from President Trump who suggested that Jerome Powell should have acted Faster. Powell defended the decision by highlighting that even though inflation has decreased, it still exceeds the Fed’s 2% target. Following his remarks, Bitcoin experienced a short dip below $97,000 but quickly bounced back, showcasing its resilience as it reached today’s landmark.

Looking ahead, several major financial institutions are expressing an optimistic outlook for Bitcoin’s price trajectory. Standard Chartered’s analyst Geoff Kendrick expects Bitcoin could hit $120,000 by the second quarter of this year and $200,000 by the end of 2025. Their long-term view even suggests potential prices reaching $500,000 by 2028, which is not far-fetched given recent trends.

Matthew Sigel from VanEck believes we might see a price peak around $180,000 in 2025; while they haven’t set a solid target for 2030, visions of Bitcoin reaching beyond $400,000 in the next cycle are on the table. Notably, ARK Invest, led by Cathie Wood, is predicting a base case of $1.2 million for Bitcoin by 2030 with an optimistic outlook of $2.4 million and a more conservative approach estimating $500,000.

As Bitcoin settles above the significant $100,000 milestone, investors remain keen to see if this will become a solid support level, paving the way for potential advancements aligned with institutional forecasts. The market’s sentiment is increasingly bullish, but only time will tell if these projections come to fruition or not.