GM☀️In the morning, let's first take a look at the basic situation of Bitcoin at $BTC .
Currently, the market is very optimistic about Bitcoin breaking through the $100,000 barrier, mainly due to several supporting factors:
First, after Trump was elected President of the United States, the market generally believes that he will implement more supportive policies for cryptocurrencies, which may drive Bitcoin's price to continue to rise. Additionally, Russian President Putin recently signed a law officially recognizing Bitcoin and cryptocurrencies as property, which further solidifies Bitcoin's status globally.
Secondly, institutional investors are increasingly interested in Bitcoin. For example, Grayscale Bitcoin Trust recently transferred 3,503 Bitcoins to addresses such as Coinbase, and MicroStrategy has been continuously increasing its Bitcoin holdings, which may lead to greater volatility in Bitcoin.
Furthermore, BlackRock's CEO stated that Bitcoin is an international asset and is unrelated to any country's currency, which enhances Bitcoin's appeal as a global store of value.
Additionally, the U.S. Bitcoin spot ETF market continues to attract funds, with a net inflow of $320 million in November, showing that institutional investors are becoming increasingly confident in Bitcoin.
While some believe that Bitcoin's market dominance is declining, which may indicate a rebound for 'altcoins', in the long run, Bitcoin remains the core of the crypto market, with significant potential for growth.
So, my opinion remains unchanged, this bull market is $180,000, respect!
—— Thank you to all the classmates for your support ❤️, everyone please give a follow! Your support is my greatest motivation.
