#SaylorBTCPurchase
Polkadot has several catalysts that could drive its price sharply higher in the coming months. First, the currency will benefit from the ongoing recovery in the cryptocurrency market after Bitcoin has become a safe haven. A strong rise in Bitcoin to its all-time high will significantly increase its price in the coming months.
Second, the Polkadot network is evolving through the Polkadot 2.0 upgrade. This is a critical three-step process designed to permanently enhance the network's functionality. For example, the Agile Core Time upgrade has allowed developers to build applications without the need for lengthy parachain auction processes.
Polkadot 2.0 also includes asynchronous support and flexible scaling. Asynchronous support separates the production of parachain blocks from the latest block in the relay chain, resulting in higher speeds. The upcoming flexible scaling allows parachains to scale more effectively.
Moreover, the U.S. Securities and Exchange Commission (SEC) is likely to approve a spot ETF for DOT indices later this year. Although expected investment flows will be modest, the approval will be positive as it will generate media buzz around it.
The price of DOT will also benefit from anticipated interest rate cuts by the Federal Reserve amid a slowdown in the U.S. economy.
