Bitcoin hit new record because it became less risky, says Swan CIO

Market Trends & Adoption - Bitcoin reached a new all-time high, nearing $112,000, driven by improved risk sentiment [1] - Bitcoin has become derisked due to a pro-Bitcoin administration and SEC movement, opening doors for corporate adoption [2][3] - Corporate adoption is fueled by the need to protect against monetary debasement and inflation, recognizing Bitcoin as an asset with a fixed supply [4] - Public companies' Bitcoin holdings have grown by over 30%, indicating increasing institutional ownership [5] - Corporations require proven playbooks for Bitcoin custody and other aspects to facilitate further adoption [7] - New York's promotion of "bit bonds" is seen as a significant step, creating a playbook for other cities and states [8] - The US government's actions to promote crypto are removing risk and encouraging Bitcoin adoption [14] - Bitcoin's resilience during tariff-induced sell-offs suggests it's emerging as a true store of value asset [17][18] Price Predictions & Market Dynamics - Analysts predict Bitcoin could reach $150,000 this year, with potential to reach $225,000-$250,000 [9][10] - Corporations are primarily long-only buyers, reducing the available Bitcoin supply and potentially causing explosive price increases [11][12]