Kraken: $100,000 marks Bitcoin's transition from fringe technology to recognized asset

ChainCatcher news, Jonathan Miller, Managing Director of the cryptocurrency exchange Kraken, stated that Bitcoin's breakthrough of the psychological barrier of $100,000 marks its transition from a fringe technology to a recognized asset.

Kraken's Chief Strategy Officer Thomas Pefermo said, "The rebound of the crypto market after the U.S. elections indicates the suppressed demand that was previously held back by uncertainty and the lack of a crypto vision in the U.S. Coupled with the positive macroeconomic outlook for financial assets by 2025, cryptocurrencies are in a very favorable position. The rapid growth of exchange-traded products like Bitcoin ETFs, along with new institutional investors entering the market, are all reasons to be optimistic about cryptocurrencies, creating a mature environment for new highs."