Bitcoin Smashes Through $120K as Regulatory Clarity Triggers Institutional Gold Rush
Wall Street's bulls are charging back into crypto—and this time, they've got a rulebook.
After months of regulatory limbo, Bitcoin's blistering rally past $120,000 signals a watershed moment. Hedge funds and pension managers no longer need to sneak into crypto through back-alley ETFs. The suits want in, and lawmakers are finally rolling out the red carpet.
Of course, this newfound love comes with strings attached. Expect 'compliant' volatility and KYC'd-to-death blockchain rails. But when the alternative is negative-yielding bonds? Even gold bugs are quietly allocating 1% to BTC.
Funny how regulatory 'certainty' always arrives after the asset pumps 300%.
Supply and demand
Other observers remain steadfast in their assessment of Bitcoin's trajectory, citing its fundamentals and institutional demand. Ryan Yoon, senior analyst at Tiger Research, told Decrypt he sees the uptrend continuing despite lingering headwinds.
“While short-term profit-taking will continue amid the recent price surge, supply and demand dynamics are poised to strengthen further,” he said.
Yoon also said corporate adoption of crypto, particularly for Bitcoin as a treasury asset, has continued to gain momentum since the second quarter.
The trend shows firms pivoting their treasury to Bitcoin, Ethereum, Solana, and other crypto assets, even as some face financial struggles.
“This momentum shows no signs of abating," Yoon observed.
Despite this, Yoon points to “elevated short-term inflation expectations, diminished prospects for interest rate cuts, and the intensifying tensions between TRUMP and Powell” as negative signals for the market.
While tariffs are a “risk the market has already priced in,” broader factors like war and geopolitical escalations are “always looming,” he said.
“Nevertheless, even if an altcoin season gains speed, Bitcoin's dominance is unlikely to decline given the accelerating inflow of institutional capital,” he said.
