Frenzy as Bitcoin smashes all-time record
Global markets are closely monitoring a bold decision by the US that has pushed Bitcoin into the stratosphere.
Bitcoin has surged to an unprecedented high above US $124,000 (A$189,000), marking another big 2025 milestone for the fast-growing digital asset.
The record came in the wake of a massive US policy shift that aims to allow more than 90 million Americans to include Bitcoin and other digital assets in their 401(k) retirement plans.
Analysts say that move could unlock over a trillion dollars in new investment.
The landmark decision is being hailed as a turning point for cryptocurrency’s path into the financial mainstream. Founded in 2009, the digital currency spent years on the fringe before making its initial breakthrough in 2017 when prices surged.
While still heavily criticised by economic purists, its relatively rapid transition from an obscure niche product to a solution for an entire nation’s retirement funds speaks volumes.
MORE: Aussie crypto millionaires’ secret money stash
Global markets are closely monitoring the development, with speculation that other nations may soon follow suit to avoid losing ground in the rapidly evolving digital asset sector.
“By unlocking the trillion-dollar US retirement market, the United States has taken one of its most significant steps yet toward cementing crypto as a mainstream asset class,” Mena Theodorou, Co-founder of Aussie crypto exchange Coinstash, told news.com.au in a statement.
“The implications extend far beyond American borders. Global markets are now watching closely, and many will be unwilling to risk falling behind. Where the US leads, the rest of the world often follows.
“Institutional interest remains the driving force. Bitcoin ETFs continue to record strong inflows week after week, corporate treasuries are adding BTC to balance sheets, and long-term holders are showing little sign of selling.
“Combined with macro tailwinds, from a weakening US dollar to growing expectations of substantial interest rate cuts, Bitcoin’s resilience is solidifying its role as a hedge and a cornerstone of the modern financial system.”
Some market strategists believe the rally’s next leg could happen very quickly. While the climb to $100,000 was turbulent, the push to $124,000 has been relatively smooth, prompting some to predict a rapid move toward $150,000 and beyond before the year is out.
Originally published as Frenzy as Bitcoin smashes all-time record
