This optimism follows the SEC's approval of the first U.S. spot Bitcoin ETF in 2023, which led to Bitcoin's price surpassing $70,000, marking a pivotal moment for the cryptocurrency.

However, concerns about Bitcoin as an investment persist, including its volatility, high transaction fees, and low consumer protection, which make it less practical than equities for trade or wealth storage, according to Charles Schwab.

The inauguration of U.S. President Donald Trump has sparked optimism in the cryptocurrency market, with many anticipating a more favorable regulatory environment for Bitcoin.

Looking further ahead, Cathie Wood of ARK Invest predicts that Bitcoin could reach as high as $1.5 million by 2030, offering various scenarios ranging from a moderate estimate of $710,000 to a cautious $300,000.

In 2024, Bitcoin's price more than doubled, and projections for 2025 suggest it could reach between $80,000 and $150,000, according to James Butterfill from CoinShares.

While Bitcoin continues to gain popularity and value, traditional equities, such as NVIDIA, may offer a more stable investment opportunity.

In fact, NVIDIA Corporation was listed among the 10 S&P 500 stocks that outperformed Bitcoin in 2024.

Despite these gains, Bitcoin's price has experienced significant fluctuations, remaining around $100,000 since hitting that milestone in December 2023.

Butterfill also highlighted that Bitcoin's market share relative to gold could increase from 10% to 25% in the long term, contingent on regulatory developments under the Trump administration.