Bitcoin just hit a whopping $120,000! Can you believe it? It went up so fast that it even reached an incredible $123,000 on July 14th. And guess what? This wasnât just some random hype â Congress actually did something useful for once!
â The GENIUS Act: When Politicians Actually Make Sense
The GENIUS Act became law on July 18th when President Trump signed it and the crypto community lost its mind. The House of Representatives approved this legislation with 308 votes in favor and 122 votes against which demonstrates broad bipartisan backing. The last time politicians showed agreement on any topic was when they discussed crypto.
SEC Chairman Paul Atkins called it âa historic milestone for crypto entrepreneurs,â and honestly, the guyâs not wrong. This law creates the first real regulatory framework for stablecoins without making everyone jump through banking hoops. Itâs like they finally realized that maybe, just maybe, crypto isnât going anywhere.
And get this â they even declared July 14-18 âCrypto Weekâ in the House of Representatives! Can you imagine a whole week dedicated to crypto legislation? Itâs like weâre living in a crazy world.
đȘ Bitcoinâs Absolutely Mental Run
Hey, letâs talk numbers because, well, theyâre pretty wild right now. Bitcoin just hit $120K â it totally crushed every resistance level like they were made of paper. Weâre talking about a continuation of whatâs been an absolutely crazy 2025.
The ETF guys are going crazy too. BlackRock and friends pulled in $1.18 billion in a single day on July 11th. Thatâs billion with a B, folks. These institutional guys arenât messing around anymore.
And get this â 125 public companies are now holding Bitcoin on their balance sheets. Remember when MicroStrategy looked crazy for doing this? Now everyoneâs copying Michael Saylorâs homework. These companies bought 159,107 Bitcoin in Q2 alone. Thatâs a 23% jump from the previous quarter!
đŠ Why This Time Feels Different (Yeah, I Know We Always Say That)
Look, Iâve been around long enough to see plenty of Bitcoin rallies that ended in tears. But this one? It hits different. Weâve got actual laws being passed, not just tweets from politicians. Weâve got corporations treating Bitcoin like a legitimate treasury asset, not some speculative side bet.
MicroStrategy is still the king with over 597,000 BTC, but theyâre not alone anymore. Itâs like watching the cool kids table suddenly become the entire cafeteria.
The current price sitting around $118,856 (as Iâm writing this) feels⊠sustainable? Thatâs weird to say about Bitcoin, but here we are. When youâve got institutional demand backed by actual regulatory clarity, things tend to stick around.
Hey, have you heard about the latest crypto news? The CLARITY Act is still waiting for Senate approval, which could change everything. If it passes, the SEC would lose control over crypto and the CFTC would take over. That could mean a whole new world for crypto by the end of 2025!
And guess what? Trump is thinking about giving retirement accounts the power to invest in crypto. Can you imagine your grandmaâs 401k buying Bitcoin? It might actually happen!
So, whatâs the big deal? Bitcoin at $120K is a big deal. Itâs like crypto saying, âWeâre not going anywhere!â while Congress finally listens. Whether we see $150K by the end of the year or the price cools down a bit, one thingâs for sure: this isnât the same old speculative bubble from 2017.
The world has changed, the players have changed, and even the politicians have changed. And honestly, itâs about damn time.
đŹ So, what do you think?
Is $120K just the beginning, or are we getting ahead of ourselves? Let me know in the comments because Iâm curious where you think this wild ride is headed next.
