Bitcoin could reach $110,000 in May
The price of Bitcoin has surpassed the $100,000 mark for the first time since January, creating expectations for a new peak above $110,000 in May. According to Bitcoin Suisse, the growth of BTC comes from its strong potential in a risk environment following the U.S. presidential election.
Data from the company's report shows that Bitcoin's Sharpe ratio reached 1.72, second only to gold, indicating superior returns when adjusted for risk. Bitcoin has proven its ability to perform flexibly, acting both as a safe asset in times of instability and as a growth asset when the market stabilizes.
In recent months, spot Bitcoin buyers have dominated, with inflows into spot Bitcoin ETFs reaching over $4.5 billion. As large institutions continue to invest in Bitcoin, supply shortages could push the price above $110,000 in May.
Note: This article is for informational purposes only and is not investment advice. Investors should conduct their own research before making decisions.