• Bitcoin reaches $102,000 as Armstrong cites government-level purchases and ETF-driven demand
• Coinbase CEO sees the BTC surge as an early indication of sovereignty curiosity and long-term coverage alignment
• Armstrong’s hundreds of thousands of Bitcoin outlook features traction as US reservation lectures and state payments develop

Bitcoin pushed previous the $102,000 mark in 2025, displaying renewed momentum in 2025. This newest surge, up 3.17% over a 24-hour interval, is pushed by institutional adoption, a powerful Bitcoin ETF influx and rising legislative curiosity within the US strategic Bitcoin reserve. Bitcoin’s market capitalization is presently at $2.04 trillion.

Bitcoin buying and selling quantity additionally rose to 37.53% over the identical interval, reaching $731.3 billion. With 19.86 million BTC in circulation, near the 21 million cap, current market actions level to elevated investor engagement and elevated liquidity.

Coinbase CEO Brian Armstrong foresees hundreds of thousands of {dollars} of Bitcoin

Following Bitcoin’s worth soar, Coinbase CEO Brian Armstrong mentioned Bitcoin may finally attain a valuation of hundreds of thousands of {dollars} per coin. He cited the rising institutional demand and the success of US registered Bitcoin ETFs as key causes. Armstrong mentioned ETF inflows have been the most important driver of the 2024 Bitcoin worth surge, with web inflows reaching $36.2 billion, in line with information from Farsise Buyers.

ISHARES BITcoin Belief (IBIT) leads ETF efficiency, attracting practically $38 billion inflows. Analyst Eric Balknas reported on December 5, 2024 that IBIT had reached $50 billion in belongings beneath administration (AUM) on simply 277 buying and selling days. This milestone surpassed earlier iShares fund information for 1,323 days.

US Strategic Bitcoin Reserve Achieve Political traction

Armstrong additionally highlighted the potential affect of US strategic Bitcoin Reserve. He believes that necessary institutional capital flows inside the nation comply with the readability of laws and the institution of such strategic holdings. Armstrong made it clear that finance ministers from Switzerland and different nations have expressed curiosity in comparable reserves and referencing our dialogue of this idea.

Senator Cynthia Ramis launched the 2024 Bitcoin Act. The invoice proposes a nationwide Bitcoin preparation to strengthen the US greenback and solidify America’s place in digital finance. This means an annual authorities buy of 200,000 BTC over 5 years with a holding interval of 20 years. The invoice is beneath Senate evaluation and requires the president’s approval to move in Congress rooms and change into regulation.

Dennis Porter, CEO of Satoshi Motion Fund, confirmed that 13 US are actively growing a Bitcoin Reserve Framework. In Ohio, Rep. Derek Mellin proposed a invoice so as to add Bitcoin to the state Division of Treasury. Melin cited diversification and hedging towards greenback devaluation as a central motivation for this state-level initiative.