LUNA MY
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#BTCBreaksATH 🔥The rise of Bitcoin (BTC) is due to several key factors:
- *Institutional investment*: Large companies like MicroStrategy and Tesla are betting on Bitcoin as part of their financial strategy, which increases the demand and legitimacy of the cryptocurrency.
- *Growing demand*: The adoption of Bitcoin as a payment method is increasing, with more businesses accepting it as a valid payment method. This expands its market and practical utility.
- *Limited supply*: Bitcoin has a maximum supply of 21 million units, which creates natural upward price pressure due to its programmed scarcity.
- *Economic and political environment*: Economic uncertainty and inflation are leading investors to seek safe-haven assets like Bitcoin, which behaves similarly to gold.
- *Whale accumulation*: Large investors are increasing their Bitcoin holdings, reaching historical records in wallets with 10 or more coins.
- *Lower supply on exchanges*: The decrease in the number of coins available on exchanges suggests that investors prefer to hold their assets rather than sell them, contributing to price stability and potential appreciation.
- *Open interest and trading volume*: The increase in open interest and trading volume indicates strong market activity and greater interest in BTC derivatives.
- *Institutional investment*: Large companies like MicroStrategy and Tesla are betting on Bitcoin as part of their financial strategy, which increases the demand and legitimacy of the cryptocurrency.
- *Growing demand*: The adoption of Bitcoin as a payment method is increasing, with more businesses accepting it as a valid payment method. This expands its market and practical utility.
- *Limited supply*: Bitcoin has a maximum supply of 21 million units, which creates natural upward price pressure due to its programmed scarcity.
- *Economic and political environment*: Economic uncertainty and inflation are leading investors to seek safe-haven assets like Bitcoin, which behaves similarly to gold.
- *Whale accumulation*: Large investors are increasing their Bitcoin holdings, reaching historical records in wallets with 10 or more coins.
- *Lower supply on exchanges*: The decrease in the number of coins available on exchanges suggests that investors prefer to hold their assets rather than sell them, contributing to price stability and potential appreciation.
- *Open interest and trading volume*: The increase in open interest and trading volume indicates strong market activity and greater interest in BTC derivatives.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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