Bitcoin’s Path to $180K 🤩
Bitcoin’s spot price continues its bullish trajectory, leaving little room for bearish sentiment. However, the options market’s skew toward puts signals cautious hedging amidst the rally. #VanEck predicts Bitcoin could hit $180k by Q1 2025, driven by positive market sentiment.
Adding to the momentum, #FASB ’s adoption of fair value accounting for Bitcoin enables corporations to report gains directly in net income, enhancing the appeal of holding BTC in treasuries. This regulatory shift could trigger a feedback loop, amplifying institutional demand and fueling Bitcoin’s upward momentum.
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