Why BTC will surpass $100k this year:
1. Growing institutional adoption: Large financial institutions continue to offer Bitcoin-based products, increasing demand and legitimizing the asset as a store of value.
2. Controlled scarcity: With only 21 million bitcoins possible, the programmed scarcity and increased demand are pushing the price up.
3. Halving in 2024: The expectation of a reduction in the issuance of new coins in the next halving attracts investors, anticipating price increases.
4. Global economic uncertainties: Persistent inflation and instability in the traditional banking system are leading investors to seek assets such as Bitcoin.
5. ETF approval: The possible approval of ETFs in the US will facilitate the entry of institutional capital, increasing the liquidity and appreciation of the asset.
6. Historical cycle: Bitcoin’s market cycles indicate that 2024 will be a bull year, but early moves could see the price peak as early as 2023.
7. Store of value narrative: With growing interest in decentralization, Bitcoin continues to cement itself as the “digital gold” of the new era.
