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 soared to a new all-time high above $119,000 on July 13, extending its bullish momentum on the back of institutional accumulation, shrinking exchange reserves, and technical breakout patterns.
A major shift in the crypto cycle may be approaching as Bitcoin dominance (BTC.D) once again reaches critical long-term resistance.
Galaxy Digital CEO Mike Novogratz reignited a long-running feud with economist and gold advocate Peter Schiff after the latter criticized Биткойн yet again.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.