Story perspectives

Bitcoin Hits $100K, Sparks Buying Surge Amid Fraud Fears

5/22/2026

Summary

Bitcoin Hits $100K

Bitcoin crossed $100,000 in December 2024, sparking interest.
50% expect a 2025 crypto market after President Donald Trump’s re-election and Elon Musk advisory.
54% of male and 42% of female respondents said the milestone boosted investment likelihood.
56% of Gen Z and 62% of millennials said the surge raised intent to buy crypto.
63% of Americans distrust cryptocurrency, with 2025 losses of $11.4 billion to crypto fraud and $7.3 billion to investment scams.

Summary

Trump Launches Bitcoin

U.S. President Donald Trump launched a Bitcoin Reserve and named David Sacks the crypto czar.
Federal Housing Finance Agency (FHFA) Director William Pulte ordered Fannie Mae and Freddie Mac to factor crypto into mortgage risk models.
Better Home & Finance pairs a mortgage with a crypto loan requiring 250 % Bitcoin or 125 % USDC collateral, while the Senate banking committee cleared the CLARITY bill, promising crypto certainty but noting money-laundering risks.

Summary

Fed Reports Crypto Surge

The Federal Reserve (Fed) reported that about 10% of U.S. adults used or invested in cryptocurrency in 2025, the highest share since 2021.
The Fed study found 6% of unbanked adults used crypto for transactions versus 2% of banked adults.
After Kevin Warsh was confirmed as Fed chair on May 13, he said Bitcoin offers market discipline and likened it to gold for investors under 40.

History

Historical Context

In December 2017 Bitcoin surged to about $19,000, sparking global regulator attention and drawing institutional players such as futures markets and later PayPal. In March 2025 President Donald Trump created a strategic Bitcoin reserve and Fed nominee Kevin Warsh called the asset “new gold,” echoing the 2017 boom. Analysts see these moves as embedding crypto in U.S. finance and likely prompting tighter oversight.

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Bitcoin Hits $100K

Bitcoin crossed $100,000 in December 2024, sparking interest.
50% expect a 2025 crypto market after President Donald Trump’s re-election and Elon Musk advisory.
54% of male and 42% of female respondents said the milestone boosted investment likelihood.
56% of Gen Z and 62% of millennials said the surge raised intent to buy crypto.
63% of Americans distrust cryptocurrency, with 2025 losses of $11.4 billion to crypto fraud and $7.3 billion to investment scams.

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