Bitcoin Hits $110K: David Sacks, Peter Brandt React to Historic High

As Bitcoin surged past its previous all-time high, investor sentiment reached a new peak—fueled in part by regulatory tailwinds.

Bitcoin broke through the $109,000 level on Tuesday morning, marking a new all-time-high and continuing its recent rally.

Several notable figures in the crypto sphere reacted to the news, highlighting the synergy between regulatory progress and market momentum.

Investor and co-host of the All-In podcast David Sacks shared on X, "Stablecoin legislation is about to pass the Senate, and Bitcoin just hit a new all-time high."

Sacks' post directly links to the bipartisan momentum for the GENIUS Act, which aims to create a federal framework for stablecoins.

This legislation is seen by many as a key step toward mainstream crypto adoption in the U.S., setting clear rules for digital dollars and safeguarding investors.

Veteran trader Peter Brandt also chimed in on Bitcoin's price action, adding that while new all-time-highs 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. It is the definition of a bull market," said Brandt.

suggesting that Bitcoin may be on track to hit $125,000 to $150,000 by the end of August.

Brandt highlighted a strong breakout pattern on his technical chart—complete with a bull flag, double top retest, and a confirmed inverse head & shoulders pattern.

"Maybe the best chart I've ever seen," he remarked.

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.