By Juwon Olofijana
Finance News Correspondent
Bitcoin, the world’s most popular cryptocurrency, has shattered all previous records, soaring past the $124,000 mark for the first time in history. The landmark surge comes amid growing institutional adoption, rising investor confidence, and a wave of global interest in digital assets as a hedge against economic uncertainty.
As of Thursday morning, Bitcoin was trading at $124,350, marking an over 15% jump in the past 24 hours and capping a meteoric rally that has left traditional financial markets watching in awe. Analysts attribute the spike to a combination of factors, including major corporate investments, increased retail participation, and bullish sentiment following regulatory clarity in several key markets.
“This is a watershed moment for Bitcoin,” said Alicia Carter, a senior crypto analyst at BlockView Research. “Crossing the $124,000 threshold not only cements Bitcoin’s place as a mainstream financial asset but also signals growing global acceptance of cryptocurrencies.”
The latest rally was sparked by announcements from multiple Fortune 500 companies confirming Bitcoin as part of their treasury reserves, alongside news of a major Wall Street-backed Bitcoin ETF approval. The surge has also been fueled by heightened demand in Asia, where investors are turning to cryptocurrencies amid weakening local currencies and inflation concerns.
However, experts warn that while the momentum appears unstoppable, Bitcoin remains notoriously volatile. “Investors should be mindful that sharp corrections are part of Bitcoin’s DNA,” cautioned economist Daniel Monroe. “We’ve seen euphoric peaks followed by steep pullbacks in the past.”
Despite these warnings, enthusiasm across the crypto community remains high. Social media has been flooded with celebratory posts, memes, and bold predictions of Bitcoin hitting $150,000 before the end of the year.
As Bitcoin continues to redefine modern finance, its new record reinforces its role not just as a speculative asset, but as a potential cornerstone of the future global economy.
