Crypto king Bitcoin shows no signs of stopping. This time, the bullish wave is adamant on pulling Bitcoin (BTC) above the $100,000 mark. In morning trading on Thursday, BTC is trading up 6.10% in the past 24 hours to $97,760.59, just 3% shy of hitting the golden $100,000, which will take its m-cap to a record level of $2 trillion.

Vikram Subburaj, CEO, Giottus Crypto Platform, says Bitcoin’s journey towards $100,000, once considered ambitious, now seems within reach. “Just two months ago, Bitcoin was trading around $65,000, but the landscape has changed dramatically.”

He says US President-elect Donald Trump’s pro-crypto stance and changing political dynamics have revived investor sentiment in the crypto sector. “The reversal of ETF outflows, with $850 million in net inflows over two days, reflects growing confidence in Bitcoin,” he adds.

Sumit Gupta, co-founder, CoinDCX, agrees that Bitcoin’s ascension seems to show no signs of slowing down. “Trump has long expressed strong support for digital currencies and promises to position the US as the ‘crypto capital of the world.’

Since the last US election, Bitcoin has consistently set new records, encouraged by expectations of a more supportive regulatory framework and a potential national Bitcoin reserve. “It could legitimize Bitcoin as a government-backed asset,” said Balaji Srihari, Business Director, CoinSwitch.