Why is $BTC at over $100,000 for the next few months in 2024?
The fact that bitcoin surpassed its #ATH before #halvingday really shook up the entire #Cryptos ecosystem. Thus we will demonstrate the mysterious touch of Bitcoin which allows it to always surprise these #holders. This shows us each time that Bitcoin is influenced by several factors so we can classify them into two, namely:
💕 Internal factor this is due to the #halving every four (04) years which automatically creates the scarcity system in the BTC exchange market. It goes without saying that the greater the demand for BTC, the greater the difficulty of the miner following the division of the mining rate by two (02) thus we are witnessing a low supply of new BTC which causes a consequent increase in the price of this one. we can also note as an internal factor the fact that many #holders see BTC as a heritage currency and are in no hurry to trade despite the various price increases that Bitcoin has undergone during the previous halvingdays on here "Staking ". Apart from the internal factor we have yet another factor which influences the rise of $BTC.
💕 External Factor This is due to the massive adoption of BTC by global populations which since 2010 has only seen the number of BTC holders increase thanks to the strong media coverage circulating around it. So the more people talk, the more people want to own it. we can also note the fact that certain states now have BTC officially, we can take as an example the case of the USA and China... and even some who have completely adopted $BTC as a currency, here we are talking about El Salvador and the RCA. Following this, even the largest banks in the world are starting to request the bitcoin ETF and some have already had one like the famous #Black Rock and many others. the greater the demand for EFT, the greater the asset ↗️