HERE FEW Reasons Why Bitcoin Can Hit $100,000 đđđ„
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Institutional Involvement Through Bitcoin Spot ETFs Institutionals are actively embracing BTC through Spot Bitcoin ETFs. Currently, 3.3% of the total Bitcoin supply is held in funds.
Bitcoin Priceâs Historical Correlation With Halving Events Bitcoin priceâs historical performance after Halving events is a compelling trend to watch. With only 48 days remaining until the next Halving in 2024!
Corporate Adoption Driven by FASB Rule A recent catalyst for Bitcoinâs adoption by corporations is the Financial Accounting Standards Board (FASB) rule. This rule has encouraged companies to incorporate Bitcoin into their reserves! Central Banks Adopting Bitcoin To Hedge Fiat Inflation On the global stage, nations & central banks are turning to Bitcoin as a hedge against inflation and economic uncertainties. El Salvadorâs bold decision to adopt Bitcoin as legal tender exemplifies the trend.
Fedâs Expected Rate Cuts Could Drive Bitcoin Price Higher The Federal Reserve is expected to implement rate cuts in June this year. As the Fed rate policy changes, investors are expected to increasingly seek alternative stores of value. Bitcoin, with its decentralized nature and finite supply, stands out as an attractive alternative asset.
đčïžLet me know any other reasons you can think of to back up a $100,000 BTC.
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