🛑🛑🛑 Bitcoin Just Hit $112,000. Here's What Could Happen Next
Key Points
Bitcoin has been surging recently.
There are good arguments for why it will head even higher.
There's also a decent argument for why this rally will run out of gas soon.
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With Bitcoin's price hovering near its all-time highs and almost tocuching the $112,000 level, there are a few scenarios for what the king of cryptocurrencies might do next.
Let's explore three, starting with the bull thesis for why the coin is likely to go higher.
The bull thesis is playing out already
The most obvious possibility for Bitcoin over the coming days, months, and even years is for it to continue gaining in value.
This process is supported by a powerful mixture of different forces at the moment, including but not limited to:
Adoption among institutional investors (banks, pension funds, etc.).
Adoption by governments via the formation of strategic reserves or repositories.
Adoption by major corporations seeking to get exposure.
The genesis of Bitcoin treasury companies that aspire only to acquire and hold it.
Rising global liquidity, enabling capital flows into assets that are perceived as being riskier, like cryptocurrencies.
The widespread threat of inflation, encouraging capital to flow into assets that can't be debased.
