Bitcoin Hits Record High Just Below $112,000: What It Means for Investors and Businesses in Oman
NEW YORK: Bitcoin surged to a new all-time high of nearly $112,000 late on Wednesday, fueled by a growing risk appetite among investors and sustained interest from institutional players. The cryptocurrency peaked at $111,988.90 before settling at $111,259, reflecting a 0.4% increase. Since the start of the year, Bitcoin’s value has risen by more than 18%.
Anthony Pompliano, founder and CEO of Professional Capital Management, emphasized the asset’s decreasing risk as its market size increases. He noted in a letter to investors, “Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size. There were few sophisticated capital allocators who could gain exposure when Bitcoin was at a $100–200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can get exposure.”
The crypto-friendly policies from the Trump administration have contributed to this positive momentum, unlocking new capital for the digital asset sector. Notably, the Trump Media & Technology Group, led by the former president’s family, has filed plans with the U.S. market regulator to launch an exchange-traded fund (ETF) that will invest in various cryptocurrencies, including Bitcoin, Ether, Solana, and Ripple.
Bitcoin’s rally has also had a positive impact on other cryptocurrencies. Ether, the second-largest digital currency by market capitalization, reached a one-month high of $2,794.95 and was up 5.4% at $2,740.99.
Moreover, crypto-related stocks saw substantial gains. MicroStrategy, co-founded by prominent Bitcoin advocate Michael Saylor, increased by 4.7%, trading at $415.41, while Coinbase Global rose 5.4%, reaching $373.85.
Meanwhile, Wall Street continued its upward trajectory, unaffected by tariff threats from President Trump.
Special Analysis by Omanet | Navigate Oman’s Market
The recent surge in bitcoin prices underscores a growing institutional demand for cryptocurrencies, signaling a pivotal shift in investor attitudes toward digital assets. This presents both opportunities and risks for businesses in Oman, particularly as local firms may explore blockchain integration and crypto-related ventures. Smart investors should consider diversifying portfolios to include cryptocurrencies, leveraging the momentum while being mindful of the inherent market volatility.
