Alex🧑🦲
@gozila
286 Following
62 Followers
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Why bitcoin hit 100k$
Bitcoin reaching $100,000 (or close to it) can be attributed to several factors that influence its price and overall market dynamics. While no single event can fully explain such a rise, here are some key reasons that could contribute to Bitcoin hitting that milestone:
1. Institutional Adoption
Increased Institutional Investment: Over the past few years, larger institutional investors, including hedge funds, family offices, and publicly traded companies, have started to invest in Bitcoin. Companies like Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, which boosts its legitimacy and demand.
Bitcoin ETFs and Futures: The introduction of Bitcoin futures and exchange-traded funds (ETFs) has made it easier for traditional investors to gain exposure to Bitcoin without directly holding it, which in turn increases demand. 1 reply
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