New Bitcoin all-time high and micro strategy, plus other corporates keep buying BTC.

This is CoinDust Daily. I'm your host Christine Lee.

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fresh record above $106,000 Monday morning in New York. Crypto Exchange, BTSC, COO, Jeff May telling CoinSk they see

tremendous upside potential for Bitcoin to hit $125,000 by the end of 2025 as more institutions,

family offices and high net worth individuals warm up to the idea of allocating 1 to 3% of

their portfolios into Bitcoin and crypto as a whole.

Recent catalysts supporting BTC growth include increased buying in Bitcoin ETFs, speculation

of U.S. President-elect Donald Trump creating a federal Bitcoin reserve, and crypto companies

such as riot platforms and micro-strategy purchasing billions worth of the asset in past weeks. December also tends

to be historically bullish for Bitcoin in a move that's commonly termed the Santa Claus rally.

Speaking of corporate buying, a U.S. fair value accounting rule, which passed in 2023 takes effect

Monday, allowing companies to report their Bitcoin holdings at fair market value instead

of the purchase price. The change laid out by the Financial Accounting Standards Board gives

firms more control over how they classify these assets and may accelerate corporate adoption. Nevertheless,

the new standard doesn't apply to NFTs, rap tokens, or internally generated digital assets.

Publicly traded companies have already begun implementing a micro-strategy-like strategy of adding

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