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James Morse
@jamesmorse
Here are four reasons why Bitcoin might recover and move toward $90,000: 1. Big Investors Are Buying Large companies and investment funds (like BlackRock and Fidelity) are putting more money into Bitcoin. The approval of Bitcoin ETFs makes it easier for them to invest, which pushes the price up. 2. Less Bitcoin Will Be Available Soon In April 2024, the Bitcoin "halving" will happen. This means miners will get fewer new Bitcoins, reducing the supply. When something becomes rarer, its price usually goes up—this has happened after every halving in the past.
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