| By Andy Swan Bitcoin (BTC) is teetering on the edge of its most significant milestone yet: $100,000. 
Source: TradingView At just over $98,000 today, it feels like it could happen at any moment. But all eyes are on November 28, 2024, a date with profound historical weight in Bitcoin's rise to dominance. November 28 is Bitcoin’s defining date, one that has repeatedly marked transformative moments. And with exchange-traded funds (ETFs) now live, institutional interest surging, and supply tightening post-halving, this year’s November 28 is shaping up to be Bitcoin’s most important yet. November 28: A Proven Catalyst November 28, 2012 The origins of November 28 go back to Bitcoin’s first halving event, which cut block rewards from 50 BTC to 25 BTC, introducing real scarcity and setting the stage for its meteoric rise. The event, barely noticed outside of niche crypto circles at the time, was the first domino to fall in Bitcoin’s march toward mainstream adoption. | Good to Know: Bitcoin's limited supply is a key aspect that sets it apart from traditional fiat currencies. Unlike government-issued currencies, which can be printed without bounds, Bitcoin's supply is strictly capped at 21 million bitcoins. The issuance of new bitcoins is gradually reduced through a process known as "halving," occurring approximately every four years, until the final fraction of bitcoins is mined. The last bitcoin is expected to be mined around the year 2140, making it a truly finite asset. | November 28, 2013 Exactly one year later, Bitcoin broke $1,000 for the first time. That milestone silenced skeptics and shifted the conversation from “fad” to “revolution.” Now, as we approach November 28, 2024, Bitcoin has matured into a global monetary asset, and the narrative is clearer than ever: Scarcity drives value. This year, the stars have aligned for Bitcoin to take its next leap. Why Bitcoin Breaks $100k on November 28 Bitcoin’s rise to $98,000 isn’t just fueled by market hype – it's the result of compounding forces that have been building for years. Here’s why $100k on November 28 is well within reach… This year’s halving event, which occurred on April 20, 2024, tightened Bitcoin’s supply like clockwork, reducing block rewards to 3.125 BTC. Halvings have consistently led to explosive growth as supply contracts, and this year is no different. With Bitcoin’s issuance now lower than the annual gold supply increase, demand is quickly outpacing new supply. - ETFs Have Opened the Floodgates
The approval of spot Bitcoin ETFs in mid-2024 by giants like BlackRock (BLK) and Fidelity was a game changer. These products have made Bitcoin accessible to trillions of dollars in institutional capital, from pension funds to family offices. Inflows since the launch have accelerated Bitcoin’s rise, creating a perfect storm of demand. 
Source: sosovalue.com On-chain data shows that long-term holders possess over 75% of Bitcoin, and many have no intention of selling below six figures. Meanwhile, exchange reserves are near historic lows, signaling that supply is drying up. 
Source: @BitboBTC - Cultural and Historical Momentum
The symmetry of Bitcoin’s history makes November 28 a powerful psychological marker. And the fact that this year’s date falls on Thanksgiving in the U.S. only amplifies the impact. Families gathered around their dinner tables will be talking about one thing: Bitcoin hitting $100k. (I personally can’t wait.) What $100k Means for Bitcoin – and the World Breaking $100,000 isn’t just about a headline. It’s a turning point in Bitcoin’s evolution. At six figures, Bitcoin’s market cap will surpass $2 trillion, putting it on par with some of the largest assets on Earth. The implications are enormous: For Institutions: Bitcoin’s $100k milestone cements its place as a credible store of value alongside gold, making it an essential allocation in any diversified portfolio. For Retail Investors: Hitting six figures proves Bitcoin’s resilience and vindicates those who believed in its potential from the start. For the Global Economy: Bitcoin at $100k challenges the very foundations of fiat currency systems, reinforcing its role as a hedge against inflation and systemic risk. The Bottom Line History shows that on November 28, this revolutionary asset delivers on its promise. From the first halving in 2012 to its first $1,000 price point in 2013, November 28 has always been the day Bitcoin levels up. At over $98,000 today, Bitcoin is knocking on the door of $100k. And on November 28, 2024, that door will swing wide open, marking yet another defining moment for the most important asset of our time. Are you ready for history to repeat itself? We certainly are. If you have questions about Bitcoin, I have answers – check out our recent Q&A here. And if you don’t find what you need, shoot me an email at contact@derbycityinsights.com. Until next time,  Andy Swan
Founder, LikeFolio P.S. Don’t forget to mark your calendar for another moneymaking opportunity coming this Thanksgiving: Jonathan Rose has discovered a way to turn Turkey Day into a potentially massive payday for traders with something called the “Black Friday Anomaly.” And all you have to do is make one simple move BEFORE Thanksgiving. He’ll show you exactly what to do during his live show on Tuesday, November 26, so make sure you reserve your seat here. Discover More Free Insights from Derby City Daily Here’s what you may have missed from Derby City Daily this week… ✓ Bullish on Travel Stocks This Holiday? You Need to See This First ✓ Digital Wallets Are Hot This Holiday – One Surprise Winner ✓ Two Misunderstood Growth Drivers That Could Keep Tesla Surging
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