BTC Hits New Record Over $109,700; Michael Saylor: "Time to Buy"

Bitcoin reached a new all-time high of approximately $109,767.52 on Wednesday morning, according to CoinMarketCap data, rebounding alongside broader risk assets. The cryptocurrency's previous record was about $109,358, set in January.

Amid the rally, prominent bitcoin advocate Michael Saylor weighed in on the social media platform X, stating, "If you’re not buying bitcoin at the all-time high, you’re leaving money on the table."

Market experts provided further analysis on the surge. Jag Kooner, head of derivatives at Bitfinex, attributed the rally to a "near-flawless setup," citing geopolitical de-escalation, an improved regulatory environment, and macro tailwinds. He suggested that sustained levels could propel bitcoin to $114,000-$120,000, though cautioning that extreme volatility compression poses a downside risk. 

Analysts largely maintain a bullish outlook; Standard Chartered's Geoffrey Kendrick, for instance, holds a $200,000 year-end 2025 target, and Binance founder Changpeng Zhao predicts $500,000 to $1 million this market cycle.

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