Bitcoin is having a happy holidays, as it jumped to another all-time high (ATH) of $25,900 on Saturday, reaching a $480 billion market cap and gaining over 7% in the last 24 hours. Bitcoin is now up 37% this month and 250% against the US Dollar in the past 12 months, and grown 32% from its previous ATH in December 2017. Bitcoin's bull run is happening in the midst of a much less happy holidays for Ripple. The U.S. Security Exchange Commission (SEC) is suing Ripple Labs and two of its top executives in New York over the alleged sale of $1.3 billion in unregistered securities, causing XRP to plunge over 60%. Longtime Bitcoin sceptic Peter Schiff tweeted his usual FUD (fear, uncertainty and doubt) by reminding us that regulators are watching, "Bitcoin is hitting new record highs, as its dominance of total crypto market cap rises to 69.3%," Schiff tweeted, "As regulators target altcoins, speculators are taking cover in Bitcoin. Not for long, as Bitcoin will eventually be in the crosshairs too." One twitter user jokingly asked if the SEC would sue Satoshi Nakamoto, to which he responded, "No, just companies that allow trading in bitcoin or banks that facilitate bitcoin-related wires." In 2020, investors moved huge amounts of money away from stocks and into gold as the covid-19 pandemic worsened and thanks to a loss of confidence in governments, banks, and other traditional financial institutions. Bitcoin tends to attract people who are distrustful of centralized establishments, and institutions see it as a better hedge against inflation than gold. Crypto custodian BitGo reported their assets under custody have surpassed $16 billion today, "We’re seeing unprecedented interest from institutional investors as a result of the pandemic’s economic impact, as well as bitcoin’s extraordinary performance," said BitGo CEO Mike Belshe. Bitcoin is roughly $7 billion away from reaching the market cap of Visa, founded in 1958, which currently has a valuation of $487 billion.