Bitcoin (BTC) Cannot Be Stopped and Continues to Skyrocket. Could It Be Rushing Towards $150,000?

Bitcoin (BTC) has entered an incredible bullish trend and continues to rise rapidly. Donald Trump’s election victory and the continued decline in interest rates have revealed the desire to invest in Bitcoin, and whether it is a big player or a small player, they continue to collect BTC. Despite the rise, the Bitcoin buy signal continues to strengthen. There is truly an incredible positive atmosphere blowing in the crypto market and Bitcoin's rise is unstoppable and continues to skyrocket. If the positive atmosphere continues, we may see Bitcoin rise to incredible prices in the coming days.

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Bitcoin (BTC) hit a new ATH today at $86,273 and is currently trading at $86,026. Investors' desire to buy more BTC is still very strong and we may see Bitcoin hit new ATHs in the coming sessions. At its current price, Bitcoin has risen by 104.48% in 2024, and has earned its investors more than 132% in the last year, and it looks like it will continue to do so.

If Bitcoin maintains its bullish trend and buyers remain strong, it looks set to rally to $150,000 this year. However, if interest rates continue to fall and the price of Gold remains stable, Bitcoin could reach incredible prices. I believe that in a few years, Bitcoin's market cap will surpass Gold's market cap. Currently, Gold's market cap is $17.59 trillion, while Bitcoin's market cap is $1.71 trillion. In order for Bitcoin's market cap to surpass Gold's market cap , it needs to increase by more than 1000%, which may seem difficult but I don't think it is difficult at all. If the price of Gold remains stable or falls, I think there will be money flowing from Gold ETFs to Bitcoin, which will push Bitcoin even higher. Considering the recent rise of Bitcoin, it is possible to say that this is very possible. And imagine the prices Bitcoin could reach when that happens. If the positive atmosphere in the markets continues, I believe that Bitcoin will exceed $150,000 in the coming months, and my belief that it will exceed $1 Million in the long term has now become much stronger. I think after 2030 it will become much harder to buy Bitcoin, remember the total supply of Bitcoin is only 21 Million.

Finally, I would like to state that it should never be ignored that the crypto market is now very strong. Not only Bitcoin, but also Altcoins are receiving serious investments and some are following Bitcoin's rise more strongly, so I also follow Altcoins closely. I am especially following cryptocurrencies like HIVE, which have not yet fully started to follow Bitcoin's rise, more closely because I think they have the potential to give more profit.

Thank you for reading
@rtonline

This is not investment advice, I am just talking about current developments and only my personal opinions. As with all money markets, anything can happen in the crypto market at any time, so please do your own research before investing. Finally, it is useful not to ignore the possibility that sharp declines may occur after a sharp rise.

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