💰⬆️This is the reason why the price of bitcoin could reach USD 150,000 sooner than projected.✨🔸✨💥
More than 60 companies have doubled their holdings, and crypto ETFs are hitting investment records.
In the last two months, more than 60 companies have doubled their bitcoin holdings, collectively acquiring more than 3% of all BTC available globally. In this group, MicroStrategy (NASDAQ: MSTR) leads with 580,955 bitcoins, followed by firms like Matador Technologies, Galaxy Digital, Block Inc., and even GameStop, thereby consolidating a trend of growing institutional interest.
The price of bitcoin has shown strong volatility in recent weeks, surpassing USD 111,000 before retreating to around USD 105,000. At the close of this edition, the cryptocurrency was trading around USD 105,190, as expectations of a new surge grow. Mike Novogratz, CEO of Galaxy Digital, stated in a recent interview that the current dip is temporary and that Bitcoin could soon break the barrier of USD 130,000–150,000, thus entering a new phase of price discovery.
Optimistic projections are not limited to the short term. A report from Standard Chartered reaffirms its bullish outlook and forecasts that the price of bitcoin could reach USD 500,000 before the end of Donald Trump's presidential term in January 2029. Geoffrey Kendrick, global head of digital asset research at the bank, attributes this potential to the sustained entry of large institutions, evidenced in the SEC's regulatory reports.
The robustness of this phenomenon is reflected in the performance of bitcoin ETFs, which on June 3 received a net inflow of USD 375.1 million, according to SoSoValue data. Just in May, these funds attracted over USD 5.23 billion in new investments, confirming the enthusiasm of large investors for the digital asset.
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