Even with fresh conflict in the Middle East and a less-than-dovish Federal Reserve outlook, Bitcoin has spent more than five weeks trading comfortably above $100,000.
Elliot Johnson—who just launched Bitcoin Treasury Corporation—calls that level “firmly embedded,” arguing the digital asset now acts as a macro hedge against both war risk and a wobbling U.S. dollar.
While the Fed’s latest dot plot points to just a single rate cut next year, risk assets elsewhere have stalled; equities, bonds, oil, and gold are largely range-bound.
Bitcoin, by contrast, keeps absorbing steady institutional demand. Johnson’s new firm joins a growing list of treasury-management outfits helping companies add BTC to balance sheets—echoing Michael Saylor’s Strategy, which snapped up another $1 billion in coins last week.
Nic Puckrin of Coin Bureau notes that spot bitcoin ETFs have hoovered up $2.4 billion in the last eight sessions, led by BlackRock’s IBIT and Fidelity’s FBTC.
With two U.S. rate cuts still penciled in for 2025 and the Bank of Japan set to loosen policy in 2026, he expects incoming liquidity to flow first into bitcoin, turning $100K from psychological milestone into launchpad.
Bitcoin touched a new all-time high of $118,000, but what truly fueled the rally?
Robert Kiyosaki, author of Rich Dad Poor Dad, has revealed he bought more Bitcoin at $110,000 and is now positioning himself for what macro investor Raoul Pal calls the “Banana Zone” — the parabolic phase of the market cycle when FOMO takes over.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.