Bitcoin price all-time high: What’s behind crypto’s record-breaking rally – and how high could it go?
Bitcoin reaches record value
- Bitcoin has achieved a new record high, surpassing $112,000 (£82,000), amidst global economic and geopolitical instability.
- The cryptocurrency's surge is potentially due to its increasing perception as a safe-haven asset, akin to gold.
- Key drivers for this momentum include a broad package of tariffs announced by Donald Trump and an executive order from the US president to establish a strategic bitcoin reserve.
- Financial experts note that bitcoin is being integrated into national economic strategies and corporate treasury policies, further legitimising its role.
- While some analysts predict continued growth, with forecasts reaching over $145,000 by year-end, others express caution, suggesting the current price may be artificially inflated.