Bitcoin ripped through $100K this week—and no, this isn’t déjà vu from 2021. Let’s talk facts. On Thursday, BTC surged past $100,800, clocking in its highest level since February. That’s not a meme-fueled move. This run was driven by two things: geopolitics and smart money.

First, Trump dropped a trade deal with the UK—his “let’s chill on the tariffs” pivot. Markets love predictability (even from unpredictable presidents). Stocks jumped. The Dow ripped nearly 400 points. Risk assets? Lit up like Vegas.

Second, Coinbase made a boss move—announcing a $2.9 billion acquisition of Deribit, the world’s biggest crypto options exchange. Translation: Wall Street isn’t done with crypto. They’re doubling down—just quieter this time.

And while everyone was arguing over whether we’re headed for a recession or a rate cut, Bitcoin was already moving. Price started climbing the night before. By the time Trump went live from the Oval Office, Bitcoin had already loaded the spring. The press conference just pulled the trigger.

Here’s what most people will miss: this isn’t just a crypto thing. This is capital rotating back into asymmetric upside. Bitcoin is still the most liquid, most decentralized, and now—thanks to corporate balance sheets—the most protected bet in the digital space.

Let’s break that down. According to Bernstein, over 80 companies now hold Bitcoin in their treasuries, owning a combined 3.4% of the total supply. That’s a full-blown strategy shift. Not a fad. Not a press release. These companies aren’t trading. They’re stacking.

Remember when Bitcoin got smacked down to $75K after the tariff shock in April? Everyone got scared. Smart money got greedy. Since then, it’s up 33%. Gold? Up 6%. S&P 500? Flat .And altcoins finally caught a bid too—Ether +12%, Solana +9%, Doge +11%. No, this isn’t 2021 again. But some of those gains smell like early-cycle rotation.

So, where are we now? Bitcoin is back in price discovery mode. If it holds above $100K, we could see $120K faster than most are positioned for. Especially if interest rate cuts or further trade de-escalations hit the headlines.

This isn’t hopium. This is asymmetric risk, institutional backing, and a hard cap of 21 million. While everyone else was debating inflation, Bitcoin quietly became a macro asset class again.

Follow the money. Always.