Bitcoin has been on the rise lately, with experts predicting it could go above $105,000. Many are wondering what is driving this surge in value and how they can capitalize on it.
One factor that is contributing to Bitcoin’s rise is increased adoption and acceptance. More and more businesses are starting to accept Bitcoin as a form of payment, which is helping to legitimize the cryptocurrency and increase its value.
Another factor is the limited supply of Bitcoin. There will only ever be 21 million Bitcoins in existence, which means that as demand increases, so does the value of each individual Bitcoin.
Investors are also seeing Bitcoin as a safe haven asset in times of economic uncertainty. With traditional markets experiencing volatility, many are turning to Bitcoin as a way to diversify their portfolios and protect their wealth.
Overall, the future looks bright for Bitcoin as it continues to make strides towards becoming a mainstream form of currency. With experts predicting that it could go above $105,000, now may be the perfect time to get involved in the world of cryptocurrency.