For many, the crossing of the $100,000 mark by bitcoin was a given.

Bitcoin continues the trend of moving up. There is good news and more institutional adoption of bitcoins as a digital asset.

Coming forth, more growth is expected from analysts who predict the prices of bitcoin to hit between $125,000 to $130,000 by year end. Even in the long term projections , there is a lot of optimism with numbers reaching as high as $13 million by 2045 due to institutional demand and its limited supply.

One of them is the regulation steps taken by various countries, the launching of the bitcoin spot ETF and the level of institutional participation. Recent policies being adopted in the US which are friendly to crypto and the fact that many institutions are now getting interested in the economies makes it favorable for further increase in the price.

Nonetheless, the market is very much volatile and so the chance of any kind of regulations must not be ruled out. The landscape of cryptocurrency could also be altered by the change of heads in legal regulatory bodies or sudden uncontrollable macroeconomic crisis.

To sum up, Investors should be patient and update themselves on the changes in the market because the price of bitcoin fluctuating fib will definetely be influenced by the network effects, regulations and other factors.

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