Degen

CryptoQuant: These 3 Key Factors Will Boost Bitcoin Price to $249,000!
With the current bullish cycle nearing its end, many cryptocurrency experts are optimistic that Bitcoin will reach record highs by the end of the year.

According to recent research by blockchain analytics platform CryptoQuant, Bitcoin could rise to a range of $145,000 to $249,000. The research highlights three key factors that could fuel this growth.

The first factor is the significant growth of Bitcoin in institutional wallets, which has grown from $100 billion to $227 billion in the past year. The second factor is the approval of Bitcoin ETFs in the US and its widespread adoption by financial institutions. The third factor is Donald Trump’s possible policies to make the US a cryptocurrency hub and the Federal Reserve’s interest rate cut, which could create a favorable environment for investing in riskier assets.