๐ฐ๐ Sue Ennis, VP of Hut 8 Mining, foresees Bitcoin's price potentially hitting $100,000 in the upcoming cycle. Envisaging a 2-3% allocation from the $13 trillion gold market to institutional Bitcoin holdings, Ennis suggests this could propel the price. Despite recent price fluctuations, rising hash rates indicate increased participation in the Bitcoin network. Ennis also views BlackRock's potential market entry via spot ETFs positively, highlighting the high likelihood of their approval given their influence in traditional markets. ๐๐น #BitcoinPricePrediction #InstitutionalAdoption #BTCto100K