Bitcoin reaching $100,000 is due to several key factors coming together:

1. Tech Upgrades: Bitcoin’s network has gotten better over time, with updates like Taproot improving how it works and making transactions faster and more private.

2. Big Investors: Institutions like BlackRock jumping in with Bitcoin ETFs has brought in a ton of money from both everyday people and big companies.

3. Friendly Regulations: Changes in rules and support from governments (like during pro-crypto leadership) have made Bitcoin seem more legit as an asset.

4. Economic Issues: Inflation and currency problems have pushed people to look for safer places to store their money, and Bitcoin’s limited supply makes it appealing.

5. “Digital Gold” Idea: Bitcoin is often called digital gold because, like gold, it’s scarce and doesn’t rely on any central authority. This attracts people who want to hedge against risky markets.