3 Reasons Bitcoin Could Reach $100K This Weekend!
A combination of optimistic forces is pushing bitcoin price to a record high. Three main reasons BTC might hit $100,000 this week.
1. Institutional Demand Drives Bitcoin Price Rise
Increased institutional Bitcoin ETF inflows indicate substantial interest from big financial players. Bitcoin ETF inflows were $103 million on November 27, with Fidelity providing $40.2 million and Bitwise $48 million. The continuous inflows show rising trust in Bitcoin as an institutional asset.
World's biggest asset manager BlackRock witnessed no flows. However, higher inflows into other spot BTC ETFs might boost Bitcoin prices.
2. Major Corporate Bitcoin Purchases
Corporate heavyweights are doubling down on Bitcoin. Longtime Bitcoin supporter MicroStrategy contributed $5.4 billion to its 386,700 BTC reserves. Over $619 million was spent on Bitcoin by Marathon Digital Holdings (MARA) this week.
Japanese public business Metaplanet aims to raise ¥9.5 billion ($62 million) to expand its Bitcoin holdings. This business adoption shows rising confidence in Bitcoin's long-term value store.
3. Crypto Policy Changes
Geopolitical events are also boosting Bitcoin. Switzerland took a positive step toward crypto integration by passing laws to study how Bitcoin mining might balance the power system and use lost energy. Meanwhile, President-elect Donald Trump established a Bitcoin strategic reserve of up to 1 million BTC. Strong pro-Bitcoin policies from powerful governments and leaders support BTC price increase.
Bitcoin price may explode due to institutional acceptance, purposeful corporate accumulation, and supporting policy. The psychological threshold of $100,000 may be reached as optimistic enthusiasm rises, establishing a new era for the biggest coin.