#BTC Returns to 100,000
Bitcoin Surges to $101,000! What should we do now? Let's chat a bit.
Brothers! Bitcoin has recently skyrocketed to $101,000 (that's right, six figures!), and I'm sure many people are both excited and anxious. Let’s briefly discuss what’s happening and what we ordinary people should do👇
Why the sudden surge?
1️⃣ Big institutions are buying like crazy: Several Bitcoin ETFs in the US (like ARKB, FBTC) are raking in money every day. The institutional big shots are really willing to buy; total holdings have now exceeded $110 billion!
2️⃣ Bank interest rates are too low: The Federal Reserve refuses to cut rates, keeping money in the bank isn't as good as throwing it into Bitcoin, after all, it’s a bet that it can withstand inflation.
3️⃣ International situation is chaotic: India and Pakistan have been causing a stir recently; some people feel that gold isn’t exciting enough, so they turn to Bitcoin to avoid the storm.