Bitcoin is experiencing a rebound, currently trading at $88.085,83, with a 4.17% increase in the last 24 hours. This surge is attributed to several factors:
- *Institutional Investment*: Companies like BlackRock's iShares Bitcoin Trust and MicroStrategy are fueling Bitcoin's growth, with BlackRock's ETF accumulating over $57 billion in assets and MicroStrategy holding 423,650 BTC, valued at over $42 billion.
- *US Government Support*: President Donald Trump's executive order establishing a US Strategic Bitcoin Reserve, backed by approximately 200,000 BTC seized by federal authorities, has boosted market confidence.
- *State Adoption*: States like Wisconsin and Michigan are exploring Bitcoin's use in public pension funds and state treasuries, further normalizing crypto usage in traditional finance.
Some experts also predict Bitcoin's price will continue to rise, with forecasts suggesting it could reach $1 million by 2030, according to Jack Dorsey and ARK's Cathie Wood.
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