📢 Expert Opinions: BTC Short-term Volatility, Market Optimistic for 2025!!
In the past week, Bitcoin experienced a significant correction, dropping about 15% from its historical high of $108,300, with prices dipping to around $92,000.
Currently, the price of Bitcoin has recovered to around $98,000 and is entering a consolidation phase.
Z (Co-founder of Binance): Bitcoin will continue to reach new highs, awaiting new headlines.
Cathie Wood (CEO of Ark Invest): Bitcoin will become scarcer than gold due to institutional demand, with prices expected to exceed $1 million by 2030.
Matt Hougan (CIO of Bitwise): Bitcoin has three unstoppable sources of demand: ETFs, MicroStrategy, and governments.
Peter Brandt (Veteran Trader): The recent target price for BTC is $125,000, and it may continue to rise in the future.
Lark Davis (Crypto KOL, Industry Analyst): The current pullback does not signify the end of a bull market; the market still has ample fuel.
US Spot Bitcoin ETF: Weekly trading volume reached $26 billion in week 50, with $17.5 billion inflows so far in Q4.
El Salvador: Increasing Bitcoin purchases, with a mid-term goal to accumulate 20,000 BTC.
Australia's Monochrome Spot Bitcoin ETF: Holdings reached 272 BTC.
Multiple companies following MicroStrategy's Bitcoin strategy: At least 10 companies are currently adopting or considering it.
Non-empty BTC and ETH wallet numbers have grown by 27% and 47%, respectively.
As of December, 74,052 BTC have been withdrawn from exchanges.
Long-term Bitcoin holders have sold 1 million Bitcoins.