A new ATH for Bitcoin. December 15, 2024 will remain engraved in the annals of cryptocurrency, while the price of Bitcoin reached a new all-time high, flirting with $106,554. This spectacular surge comes in a context where speculation is rife about the possibility of Bitcoin becoming a reserve asset in the United Statesa hypothesis that fuels investors’ wildest dreams.
Indeed, this idea could well become a reality on the first day of Donald Trump's presidency, as Jack Mallers, founder and CEO of Strike, has suggested.
- Bitcoin reached an all-time high of $106,554 on December 15, 2024, marking an extraordinary moment for the cryptocurrency.
- Speculation about Bitcoin becoming a reserve asset in the United States has intensified, fueled by statements from influential figures like Jack Mallers, who spoke of a possible executive order under President Donald Trump.
Bitcoin in “Santa Claus” mode: An end-of-year rally?
According to CK Zheng, investment director at ZK Square, Bitcoin has entered into “ mode Santa Claus », a period where the fear of missing out (the famous FOMO) pushes investors to allocate more capital to this asset. Zheng forecasts a price of 125 000 dollars for Bitcoin in early 2025, but warns that a 30% correction could follow, potentially bringing the price back around 87 500 dollars.
This meteoric rise of almost 5% in one day is explained by several factors. On the one hand, speculation on Bitcoin as a national reserve asset in the United States, and on the other hand, economic news such as the possible cut in interest rates from the US Federal Reserve, expected by analysts . Such a move could further strengthen Bitcoin, making digital assets more attractive against a weakening dollar.
Bitcoin at 1 million dollars baby
But while BTC is rising to still unknown heights, surpassing the symbolic bar of 100,000 euros, X, Elon Musk's social network has been the scene of euphoria, as illustrated by this tweet from Michael Saylor .
Note also that Saylor recently tweeted in recent days that there was a lack of “green buy points” (signals or favorable buying opportunities) on the charts to reflect the massive BTC acquisitions made by MicroStrategy. Ritual to which we were entitled yesterday since 16 hours before Bitcoin reached its historic peak Saylor had published a tweet on X where he referred to the absence of MicroStrategy purchase points on the price of BTC.
Saylor isn't the only crypto multimillionaire who was at the party yesterday. Cathie Wood also welcomed the new record for the queen of cryptocurrencies, confirming that she would see it explode within a few years to $1.5 million.
A record that enrages BTC enemies
A little trick that enraged one of the enemies of bitcoin: Peter Schiff. Schiff notably insinuated that massive purchases of Bitcoin by companies like MicroStrategy could be behind this price surge. It is true that for several weeks, Saylor has been buying BTC according to this ritual.
“Bitcoin hit a new all-time high this evening. We will most likely find out tomorrow that Michael Saylor was the buyer. This seems to be the trend as it has happened for the last five Mondays in a row.”
Peter Schiff, X
With a fear and greed index oscillating in the zone of “extreme greed”, enemies at attention and a Michael Saylor as bullish as Cathie Wood who sees the price of Bitcoin at 1.5 million dollars all the lights seem green for Bitcoin.
But, as always in crypto, caution remains in order. Investors should keep in mind that corrections are an integral part of Bitcoin's life cycle, even if the long-term outlook remains decidedly optimistic.
