- Bitcoin is becoming increasingly important compared to other assets
- Increasingly, public companies are adding $BTC to their reserves
- Bitcoin ETFs are gaining enthusiasm and availability
- Easing of banking restrictions on cryptocurrencies by the Fed
- Rising prices lead to decreased volatility
- The $BTC could be a safe haven in case of a market downturn
In this context, factors such as Limited Supply (21 million) and Global Decentralized Liquidity are gaining importance. More and more people/businesses will ultimately seek more $BTC, and the limited supply will drive up the price. Additionally, a larger number of holders also means greater decentralization, minimizing the risks of manipulation. However, there are still reasons why the $BTC might not even reach $300,000:
- Whales and manipulation: A significant amount of BTC remains in a few hands
- Perception as a speculative asset: Many people still see Bitcoin this way
- Regulatory risks: Future regulations could pose significant challenges
- Limited influx of money: Despite substantial adoption, Bitcoin has not yet attracted a massive influx of capital
Considering the pros and cons, BTC seems to need more time, broader adoption, and increased relationships. Yet, if Bitcoin demonstrates resilience during a potential future financial crisis, it could capture global attention, significantly increasing its price and trust among its buyers and potential purchasers.
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