$BTC

The current price of Bitcoin is $96,312.14, with an increase of 1.24% in the last 24 hours. Predictions suggest that Bitcoin could reach $100,000 soon, driven by increasing institutional adoption and demand for Bitcoin ETFs listed in the U.S. Binance founder Changpeng Zhao predicts that the price of Bitcoin could peak between $500,000 and $1 million as more institutional investors enter the market.

*Key factors influencing the price of Bitcoin:*

- *Institutional adoption*: Growing demand from asset managers like BlackRock and Fidelity

- *Bitcoin ETFs listed in the U.S.*: Greater investment and legitimacy in the market

- *U.S. state governments accumulating Bitcoin*: Adding legitimacy to the public sector and potential boost to demand

- *Supply scarcity*: The fixed supply of 21 million Bitcoin coins contributes to potential increases.