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.
South Korea’s Financial Services Commission (FSC) is drafting a proposal to support the launch of spot crypto ETFs, aiming for release in the second half of 2025.
China’s biggest crypto hardware manufacturers are redrawing their maps. Faced with mounting U.S. tariffs on tech imports, Bitmain, Canaan, and MicroBT — firms that collectively dominate over 90% of the global bitcoin mining rig market — are moving parts of their production to the United States.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.
Bitcoin’s recent surge to $109,000 has been overshadowed by renewed conflict in the Middle East, with heightened tensions between Israel and Iran putting pressure on the market.