Bitcoin (BTC) is expected to continue its recent surge towards the $100,000 level. According to the latest report from Matrixport, Bitcoin is likely to reach $125,000 in December.
Bitcoin Approaches $125,000 Target!$BTC
Matrixport predicted that Bitcoin could reach $125,000 in December with the start of the fifth bull run. Referring to their July 2023 report, analysts recalled that at that time they predicted that Bitcoin could reach $125,000 by December 2024. Stating that these predictions were about to come true, experts stated that Bitcoin would continue to make a strong rally.
Analysts emphasized that this rally in Bitcoin will continue and that BTC has shown a superior performance compared to gold. In addition, experts pointed out that gold lost value with the rise of the dollar after the US presidential elections, and stated that the decline in gold offers an attractive buying opportunity for investors.
Bitcoin and Gold: Finding a Place in Institutional Portfolios
Although Bitcoin has outperformed gold in recent years, analysts emphasize that both assets should be included in portfolios. The gold bull market is expected to continue in parallel with the Bitcoin bull market. In this case, the recent decline creates a good buying opportunity for gold investors.
In conclusion, Bitcoin and gold both deserve a place in institutional portfolios.