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Bitcoin Set to Hit $100K by January 2025 đ€© According to analysts at 10X Research, Bitcoin is on track to reach $100,000 by January 2025, driven by strong institutional interest, recent market buy signals, and Bitcoinâs increasing dominance over #altcoins . The prediction is backed by a model with an 86.66% historical accuracy, most recently triggering a buy signal in mid-October. Notably, large institutional players like #BlackRock view Bitcoin as digital gold, leading to an influx of investments â $4.1 billion in October alone through Bitcoin ETFs. While Ethereum may see short-term rallies, 10X Research remains cautious about its long-term growth unless thereâs significant #innovation . If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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Bitcoin Can Reach $200K Without the Dollar Losing Value đ€© #Bitwise CIO Matt Hougan suggests that Bitcoin could reach $200,000 or even $400,000 as a store-of-value asset, even without a collapse of the US dollar. He posits that if Bitcoin matures alongside continued fiat currency devaluation, it could capture a larger share of goldâs market cap. With mounting global economic uncertainty and fiat debasement, Hougan sees increasing demand for Bitcoin as an inflation #hedge , potentially pushing it into six-figure territory. Moreover, if Bitcoin holds or grows its current market share relative to #gold , seven-figure valuations could eventually be attainable. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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#BlackRock bought 4,528 $BTC ($322.68M) again yesterday and currently holds 408,253 $BTC ($29.09B). đ Link: https://www.ishares.com/us/products/333011/ishares-bitcoin-trust #Binance #crypto2024
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Bitcoin Mining Stocks Surge Amid Favorable Macro Trends and AI Integration đ Bitcoin #mining stocks spiked on October 28, with companies like Bitdeer Technologies leading gains as high as 24.4%. This rally follows Bitcoin surpassing $70,000, driven by global liquidity from deficit spending and lower interest rates. Analyst Mitchell Askew of Blockware highlighted that investors are turning to Bitcoin to hedge against #inflation , as treasury bonds perform poorly. Additionally, miners are expanding into #AI and high-performance computing, boosting profits. Notably, some miners with older equipment struggled post-April halving, but mining conditions are improving, and BRICS nations are exploring Bitcoin as an alternative to the U.S. dollar for trade. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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USDâź is now live on #Aptosï»ż đ€© #Binance #crypto2024
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