Bitcoin at $90,000 before the halving, why?
Taking into account recent activities in the financial market, including major developments regarding the institutional adoption of Bitcoin and massive acquisitions made by companies such as MicroStrategy, it is reasonable to speculate on an upward price trajectory for # Bitcoin. Massive borrowing, such as that of MicroStrategy at an exceptionally low interest rate, and the announcement of the London Stock Exchange accepting applications for Exchange Traded Notes Bitcoin, creates a climate conducive to an increase in demand and interest in this cryptocurrency.
Furthermore, it is essential to note that many Bitcoin holders, like Michael Saylor of MicroStrategy and Nayib Bukele president of El Salvador, have declared that they will never sell their holdings, thus reinforcing the scarcity of supply in the market . This trend could intensify before the next halving, further reducing supply and potentially increasing demand. If the Fed lowers interest rates, it is likely that businesses and individuals will massively borrow money to buy Bitcoin, following MicroStrategy's strategy. This dynamic, combined with the growing optimism about the future of Bitcoin expressed by key market participants, could lead to a significant increase in the price of Bitcoin, potentially pushing it towards $90,000 in the near future.
Positive comments from Binance CEO @_RichardTeng on institutional money entering the market also suggest increased confidence in the value of Bitcoin, further strengthening the bullish momentum.
