Bitcoin’s march past $120,000 marks a paradigm shift: No longer driven by retail speculation, this rally is powered by Wall Street’s embrace and lawmakers’ growing crypto engagement.
With ETFs amassing $150 billion in BTC (6% of its market cap) and Congress poised to debate market-structuring bills, the infrastructure for Bitcoin’s next phase is falling into place. “This is validation,” says analyst Rachael Lucas. “The CLARITY and GENIUS Acts could finally resolve the regulatory gray area holding back institutional capital.”
As Bitcoin enters uncharted price territory, its fate appears increasingly tied to traditional finance—and Washington’s willingness to legitimize the asset class.
