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4 reasons why $100K is the next logical step for Bitcoin

Bitcoin (BTC) reclaimed the $95,000 level after briefly testing below $91,000 on Nov. 26. The two-day, 5% rally marked a decoupling from traditional markets, particularly US government bonds. This shift contrasts with the previous week when Bitcoin’s price closely tracked the US 2-year Treasury note yields.

If investors are moving away from Bitcoin’s “risk-on” perception due to its hard monetary policy and censorship-resistant features, the likelihood of reaching $100,000 before year-end increases. Given that some of the world’s largest economies are facing growth challenges, it’s likely that investors will seek refuge in scarce assets, supporting Bitcoin’s performance.

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4 reasons why $100K is the next logical step for Bitcoin

Bitcoin (BTC) reclaimed the $95,000 level after briefly testing below $91,000 on Nov. 26. The two-day, 5% rally marked a decoupling from traditional markets, particularly US government bonds. This shift contrasts with the previous week when Bitcoin’s price closely tracked the US 2-year Treasury note yields.

If investors are moving away from Bitcoin’s “risk-on” perception due to its hard monetary policy and censorship-resistant features, the likelihood of reaching $100,000 before year-end increases. Given that some of the world’s largest economies are facing growth challenges, it’s likely that investors will seek refuge in scarce assets, supporting Bitcoin’s performance.

Read More: https://cointelegraph.com/news/4-reasons-100k-next-logical-step-bitcoin