Bitcoin is climbing toward $124,000, driven by limited supply and major global shifts.
Key factors fueling this rally:
El Salvador’s Bitcoin Investment Banks:
The country passed a landmark Investment Banking Law, allowing licensed banks to hold Bitcoin and other digital assets — aiming to attract global investors and strengthen its position as a crypto hub.
Harvard’s Bitcoin ETF Purchase:
Harvard University invested $116.6M in BlackRock’s IBIT spot Bitcoin ETF, signaling strong institutional confidence. This comes as Harvard reduces its exposure to Big Tech stocks.
US Spot Bitcoin ETFs:
Since early 2024, US spot Bitcoin ETFs have seen over $54B in inflows, highlighting rising institutional interest.
Japan’s Crypto ETF Delay:
While Japan’s Bitcoin ETF debut faces regulatory delays, SBI Holdings has filed for spot crypto ETFs — hinting at future growth potential.
With momentum building, experts predict Bitcoin could hit $150,000 soon and possibly $1 million within five years.
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