Bitcoin has recorded an impressive increase of 210% from November 1 to December 16, 2023, surpassing $108,000, according to CoinMarketCap. Meanwhile, the S&P 500 and Nasdaq indices only increased by 45% and 55%, respectively. 📈
Forecasts for 2025 indicate that factors driving Bitcoin include:
- A sharp decrease in BTC supply on exchanges, creating upward price pressure.
- The US government and large companies accumulating Bitcoin.
- The MVRV Z-Score indicates price appreciation potential.
- Bitcoin's hash rate reaching record highs.
- Trump's fiscal policy could boost the market.
- Technical patterns show an upward trend. 🚀