Institutions shout that Bitcoin will reach $500,000. There are three reasons to support the rise in currency prices.
The price of Bitcoin recently broke through the US$98,000 mark and began to correct. It has yet to break the US$100,000 mark that the market is optimistic about. However, people from all walks of life predict that the price of the currency will get higher and higher. Some Wall Street investment bank analysts are optimistic that it will reach US$200,000 by the end of next year, or even Some American investors shouted for $500,000. In fact, there are good reasons why the market is so optimistic about Bitcoin. First, the number of publicly held Bitcoin reserves and ETFs in various countries is increasing. Second, the policies introduced by various countries have a positive impact. Third, based on history, The data pushed back and the U.S. Federal Reserve started a cycle of interest rate cuts, which will significantly drive up currency prices 12 months after the rate cut.
According to Bitcoin Treasures data, there are 93 organizational entities around the world that publicly hold Bitcoin institutions or objects, such as countries, companies, ETFs, etc., of which ETFs account for 5.9%, about 1.25 million Bitcoins. This is in the United States The scale reached before ETFs were allowed to go public, and the national reserve holdings amounted to 529,000. If calculated based on the current price of one Bitcoin of US$95,000, the market value of the national reserves alone would reach approximately US$503 million.
#Marvin is a token with the same name as Musk’s pet dog. It is not just a pet dog. It is Musk’s favorite dog and has a very high rate of exposure and orders. The current bull market has a market value of at least one billion, and its current market value is only 10 million, the profit margin is very high!
