5 Factors Driving Bitcoin to Cross $100,000 in 2024"
Bitcoin has reached a new milestone by surpassing $100,000 in December 2024. Here are five key factors driving the achievement:
* Widespread Institutional Adoption: Large corporations and financial institutions are starting to include Bitcoin in their investment portfolios, significantly increasing demand.
* Bitcoin ETF Approval in the US: The approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States has made it easier for retail investors to invest, boosting market liquidity.
* Bitcoin Halving 2024: The halving of Bitcoin mining rewards this year reduces new supply, creating scarcity that drives prices up.
* Pro-Crypto Government Policies: Governments in various countries, including the United States, are starting to implement policies that support the use and trading of crypto assets.
* Increasing Public Trust: With increasingly mature infrastructure and clear regulations, public confidence in Bitcoin as an investment asset is growing.
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