Bitcoin’s Comeback to $100K – And the Reason behind It
Bitcoin is back in the spotlight again, and $100K is no longer a dream to catch—it’s an inevitable target. But what’s fueling this surge?
1. Institutional Adoption: Big players like ETFs and hedge funds are pouring billions into BTC, creating massive demand. With the introduction of spot Bitcoin ETFs in the stock market, demand for Bitcoin has increased among investors who would like to enter the crypto market with institutionalized approach.
2. Halving Effect: Reduced supply post-April 2024 halving means scarcity will drive prices higher. This is caused by the decision that cuts the block reward for miners in half which has reduced the rate at which new BTCs enter the market.
3. Macroeconomic Shift: With inflation fears and a weakening dollar due to the current trade war in the global market, investors are flocking to Bitcoin as ‘digital gold’.
4. Global Adoption: Nations are embracing BTC, from ETFs to legal tender, boosting confidence.
The stage is set. Will you be part of the rally? Please share your thought in the comment section.
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