As Bitcoin surged past its previous all-time high, investor sentiment reached a new peak—fueled in part by regulatory tailwinds.
David Sacks, investor and co-host of the All-In podcast, captured the moment succinctly:
“Stablecoin legislation is about to pass the Senate, and Bitcoin just hit a new all time high.”
Sacks’ post highlights the growing synergy between regulatory progress and market momentum, as the GENIUS Act—landmark U.S. stablecoin legislation—gains bipartisan traction in Washington. Market participants see this as a pivotal step toward mainstream crypto adoption and a more secure framework for digital dollars.
Veteran trader Peter Brandt also weighed in on Bitcoin’s price action, noting that while new all-time highs (ATHs) are not technically significant on their own, they are essential to confirming the health of a bull market.
“Bull markets make ATHs all the time,” Brandt said. “It is the definition of a bull market.”
He suggested that Bitcoin may be on track to hit $125,000 to $150,000 by the end of August, citing a strong breakout pattern on his technical chart—complete with a bull flag, double top retest, and a confirmed inverse head & shoulders pattern.
With fundamentals and technicals aligning, and macro conditions favoring digital assets, Bitcoin’s breakout may just be the beginning of a broader revaluation. Analysts now watch whether regulatory clarity—once feared—might instead become the fuel for the next leg up.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-hits-109k-david-sacks-peter-brandt-react-to-historic-high/