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Bitcoin’s price trajectory has reached new heights, nearly hitting the $100,000 mark post-election, and sparking discussions on its unique role in the financial ecosystem.

Roundtable anchor, Rob Nelson, and Javier Rodriguez-Alarcon, Chief Commercial Officer at XBTO, unpacked the key factors fueling bitcoin’s rise, including its scarcity, evolving narrative as a store of value, and shifting liquidity dynamics.

“Bitcoin is a uniquely different kind of asset because it’s finite,” said Nelson. He noted that while skeptics dismiss bitcoin as “just a bunch of numbers,” its distinct tracking system and immutability set it apart from traditional assets like gold. Rodriguez-Alarcon added, “I think we have multiple set of events that are in some ways [colliding] at the same time.”

The post-halving effect for bitcoin has long been associated with bitcoin price surges, and Rodriguez-Alarcon highlighted how that trend and recent bullishness align. “It’s expected that two to three months after a halving, we’d see price action,” he explained. He also acknowledged the influence of institutional and retail investors increasingly adopting the "store of value" narrative, saying, “I think that's becoming a more adoptive sort of argument that is very difficult for institutional investors to ignore."

Nelson emphasized the role of liquidity inflows, especially from ETFs, sovereign wealth funds, and retail investors gaining access through self-custody or platforms like Coinbase. “I think there was a lot of liquidity waiting to come into the market, and it’s way more because Trump won,” he remarked.

As bitcoin continues to solidify its position, Rodriguez-Alarcon concluded, “the actual kind of accumulation of those events can potentially propel things even further [beyond] what we're seeing now. And I think that's the market perception."