Bitcoin is preparing to conquer the milestone of 100,000 USD thanks to the reasons below
Bitcoin is approaching the milestone of 100,000 USD due to several noteworthy factors. First, optimism about Donald Trump's cryptocurrency plan has driven Bitcoin prices significantly higher. The price of Bitcoin has surpassed 96,000 USD and doubled this year thanks to positive sentiment from investors and favorable financial policies for cryptocurrencies.
Second, the launch of the 54 billion USD Bitcoin ETF has reinforced Bitcoin's role as a distinct store of value, attracting strong investment flows. Additionally, FOMO (fear of missing out) sentiment is rising, with many investors betting on Bitcoin's ability to conquer the 100,000 USD mark by the end of the year. MicroStrategy, with its large holdings, also plays a crucial role in asserting confidence in the value of Bitcoin.
Finally, macroeconomic factors such as the global economic situation, interest rates, and regulatory adjustments may also impact the cryptocurrency market experience and affect Bitcoin prices in the future.