From Nasdaq
June 5, 2025 5:15 am:

Bitcoin hit a new all-time high last month at $111,970, up 13% this year and 990% in the past five years. Reasons for its success include a crypto-friendly political climate, a hedge against a weak U.S. dollar, and increasing popularity with institutional investors, driving up its value by 54%.

Under the Trump administration, a Strategic Bitcoin Reserve was created, while Biden’s SEC had targeted major crypto companies. Trump’s support for cryptocurrency has led to a positive political climate for Bitcoin. Institutional investors have also embraced Bitcoin, with approved ETFs seeing inflows of $5.2 billion and over $125 billion in AUM.

The U.S. dollar’s decline and high inflation have made Bitcoin an attractive alternative asset. Despite risks and criticisms, Bitcoin’s potential for high returns and scarcity make it appealing to investors. While not without drawbacks, Bitcoin serves as a good alternative investment for those seeking digital assets in their portfolio.

Read more at Nasdaq.: Bitcoin Has Hit an All-Time High of $112,000. 3 Reasons the Leading Cryptocurrency Is Surging.