Milan Jaros | Bloomberg | Getty ImagesThe price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening.
Bitcoin is now up more than 140% in 2024 and 48% since the election.
In recent years, however, the industry has demonstrated the value of bitcoin to much of the institutional investing world.
In November, Rick Wurster, the incoming CEO of Charles Schwab , said the firm is preparing to enter spot crypto trading, pending regulatory changes expected in the next Trump administration.
On Wednesday, Federal Reserve chair Jerome Powell said bitcoin is "just like gold only it's virtual, it's digital," speaking at the DealBook conference.
Persons:
Bitcoin, Milan Jaros, cryptocurrency, Donald Trump, Paul Atkins, Gary Gensler, It's, Satoshi Nakamoto, Rick Wurster, Charles Schwab, Trump, Jerome Powell, bitcoin, Mike Novogratz
Organizations:
Bloomberg, Getty, Metrics, Securities and Exchange Commission, BlackRock, Fidelity, Federal, Galaxy Digital, CNBC
Locations:
Paralelni, Prague, Czech Republic, Milan