Bitcoin’s Ascent to $100K: Traditional Finance’s Secret Hand and the Rise of Stablecoins in 2025
The big story in crypto for 2024 is undoubtedly Bitcoin’s rise to $100K, driven largely by traditional finance’s increasing control over price action. But while everyone is focused on Bitcoin’s ascent, there’s another monumental shift happening in the world of digital assets: USDC’s move to go public.
USDC, a major stablecoin, has filed its S-1 with the SEC, signaling its intent to go public. And with plans to open an office in New York’s iconic Freedom Tower, it’s clear that stablecoins are on track to redefine the future of finance — especially by 2025. While Bitcoin continues its journey toward six figures, stablecoins like USDC could become the foundation for everyday digital transactions, and that shift is coming sooner than many realize.
### The Power Shift: Bitcoin’s Surge to $100K
Let’s begin with Bitcoin. The approval of a Bitcoin spot ETF in January 2024, with BlackRock emerging as the dominant player, managing $24 billion in net assets ten months later, has transformed how Bitcoin is traded. The ETF has given institutional players the ability to influence Bitcoin’s price in ways that retail investors simply can’t match. This isn’t just about Bitcoin’s scarcity — it’s about the control traditional finance now holds over…