Bitcoin: A Rising Crypto to Watch Closely in 2024

Bitcoin ($BTC ), the pillar of the cryptocurrency market, is experiencing impressive momentum. At the end of 2024, BTC crossed the symbolic $100,000 mark, marking an all-time high.

This spectacular rise is driven by several key factors:

1. Reduction in supply on exchanges: The number of bitcoins available on exchange platforms is at its lowest level in five years. This reflects a conservation strategy (HODLing) adopted by many investors, limiting the supply on the market.

2. Increased institutional adoption: Major players, such as BlackRock, are investing heavily in products such as Bitcoin ETFs, helping to strengthen demand and confidence around this digital asset.

3. Bull Market Cycles: Bitcoin is enjoying a bull run supported by strong technical indicators, with forecasts suggesting a possible stabilization around $120,000 by 2025.

Why invest now?

BTC is seen by many experts as a serious competitor to gold as a store of value. Its scarcity (only 21 million units will be created) and decentralization make it an attractive alternative in an uncertain global economic context.

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If you are looking to diversify your investments or better understand the cryptocurrency ecosystem, now is the perfect time to get informed and follow the trends of this fascinating market.