New options trading on Bitcoin ETFs is anticipated to attract long-term investors, such as pension funds and retirement accounts, which currently hold only a small fraction of ETF assets.

Institutional demand for Bitcoin is expected to grow with the upcoming Trump administration, which has made commitments to crypto-friendly initiatives, including the idea of a national Bitcoin stockpile.

Standard Chartered has maintained its bullish forecast, projecting Bitcoin could reach $200,000 by the end of 2025 following its recent milestone.

Bitcoin's recent price surge can be linked to increasing interest from retirement funds and global sovereign wealth funds, indicating a potential for further price increases.

The rally that pushed Bitcoin past the $100,000 mark was largely driven by optimism surrounding Donald Trump's election and his pro-crypto policies.

Given that the total value of US retirement accounts and pension funds is around $40 trillion, even a modest 1% allocation to Bitcoin could result in substantial inflows, potentially driving prices even higher.

Geoff Kendrick, Standard Chartered's global head of digital assets research, had previously predicted Bitcoin would hit $100,000 in 2023, citing anticipated regulatory changes and reduced volatility as key factors for attracting institutional investors.

MicroStrategy has made significant investments in Bitcoin, holding 386,700 BTC, and plans to raise $42 billion over the next three years to acquire more.

MicroStrategy's aggressive buying strategy has inspired other firms, including Japan's Metaplanet and Germany's Acurx Pharmaceuticals, to announce plans for significant Bitcoin acquisitions.

Kendrick believes that if Bitcoin continues to gain traction among US retirement funds and global sovereign wealth funds, along with the potential establishment of a US strategic reserve fund, bullish sentiment could further increase.