Bitcoin's value has seen a significant increase in recent times, jumping from around $70,000 at the beginning of 2024 to nearly $100,000 in December. Several factors contributed to this increase, most notably:

1. Pro-cryptocurrency policies: The election of a pro-cryptocurrency US president and the adoption of policies such as the creation of a strategic reserve for Bitcoin in the United States, which boosted confidence in the market.

2. Institutional adoption: Major institutions such as BlackRock and MicroStrategy have increased their interest in Bitcoin, as they have significantly expanded their investments. The adoption of exchange-traded funds (ETFs) has also facilitated access for new investors.

3. Supply scarcity: The halving occurred in April 2024, which reduced the amount of new Bitcoin entering the market, which increased its value due to limited supply.

4. Market momentum: The market has witnessed a wave of positive interaction with the entry of new investors due to the fear of missing out (FOMO), in addition to extensive media coverage.

Experts expect Bitcoin to soon reach levels above $100,000, but you should be aware of the huge volatility that characterizes this market.

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