Bitcoin price 1 dollar Big News go and buy

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Bitcoin is currently one of the most valuable cryptocurrencies, with its price fluctuating around $98,000 as of December 2024. Despite its volatility, a drop to $1 is highly improbable due to several factors:

1. Limited Supply: Bitcoin has a capped supply of 21 million coins, with most already mined. This scarcity helps maintain its value.

2. Institutional Adoption: Companies like MicroStrategy and nations such as El Salvador use Bitcoin as a reserve or legal tender, bolstering its market confidence.

3. Market Sentiment: Strong investor sentiment and continuous demand in trading and investment keep its price elevated.

Given these factors, a $1 valuation would require catastrophic market failure or widespread regulatory crackdowns.