#BitwiseBitcoinETF

As of December 28, 2024, Bitcoin (BTC) is trading at approximately $94,478, reflecting a 2.12% decrease from the previous close.

Earlier this month, Bitcoin surpassed the $100,000 milestone, reaching an all-time high of $108,364 on December 17.

This surge was influenced by several factors:

Political Developments: President-elect Donald Trump's pro-crypto stance has generated optimism, with promises to deregulate cryptocurrencies and consider Bitcoin as a national reserve.

Institutional Adoption: Major financial institutions have entered the crypto space, underwriting substantial deals related to Bitcoin companies, indicating growing mainstream acceptance.

Global Geopolitics: Russian President Vladimir Putin's favorable comments about Bitcoin and suggestions to use it to bypass Western sanctions have added to the global interest in the cryptocurrency.

Looking ahead, analysts predict that Bitcoin could reach between $180,000 and $200,000 by the end of 2025, driven by limited supply, growing institutional demand, and the effects of the four-year halving cycle.

However, potential challenges include advancements in quantum computing, which could pose risks to Bitcoin's encryption security.