Despite being unstable, Bitcoin ,BTC 1.94%, Has been an unprecedented asset for itself. As of June 11, its price has increased to about 48,000% in 10 years. And it has bounced well since the beginning of April, when the new tariff drove many assets.
The leading digital property, which is now carrying a market cap to reach $ 2.2 trillion, has been above $ 100,000 for more than a month, and optimism for the next major milestone is underway. According to a recent survey conducted by the micle flower, about 68% of the respondents who own the cryptocurrency Bitcoin will reach $ 200,000 by the end of this year.
There are three reasons that may increase in June.
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1. Bitcoin corporate adoption
Unlike the trajectory of other financial assets, the adoption of bitcoin began at an individual level. It was not for recent years when we started seeing big players entering the market.
Michael Sayler led strategy There was a trailblazer, adding bitcoin to its balance sheet in August 2020. Today, it owns Crypto’s 582,000 units, making it the largest non-ETF (exchange-traded fund) holder in the world.
This business sells enterprise software to real customers. However, the so -called native bitcoin treasury companies are starting to pop up.
Canter equity partners An announcement of a special purpose acquisition company (Spac) With investment from deal, Softbank group And to make a unit called twenty -one, twenty -one. (Transactions have not yet been closed.) It is important for investors to understand that primary activity is to increase loans and equity capital to buy more bitcoins over time.
Then, the objective is to take advantage of this stockpile to create new business lines in the future. For example, will try to develop twenty -one content and launch financial services for adoption.
President Donald Trump is also available in action. Last year, his campaign included a main presentation at the Bitcoin conference in Nashville. After his election, the White House created one Strategic bitcoin reservedwhat’s more, Trump Media and Technology Group In late May announced that it was increasing $ 2.5 billion to buy bitcoins.
Bitcoin has a fixed supply cap of 21 million. If more demand enters the market from these corporations, it should support higher price.
2. Rising credit and supply of money
The price of bitcoin is also benefited if there is an increase in the supply of federal debt and money. The financial system provides an important component for the increase in high liquidity asset prices. And no property took advantage of this trend like bitcoin.
It is worth indicating that bitcoin was made on heels Great recessionSince the period of that recession, the US has seen its national debt from $ 12 trillion from $ 37 trillion. M2 money supply It has climbed at a similar dangerous speed during that time. This simply means that more fiat currency is rotating, looking for its way for a fixed supply property like bitcoin.
Elon Musk, one of the world’s most successful businessmen, could not find out how Solve the issue of US government expensesAll this evidence needs to be seen by investors to prove that the supply of loans and funds will continue to increase indefinitely to complete the fiscal deficit.
3. Artificial intelligence and bitcoin
There is no more topic in the business world artificial intelligence (AI). It has launched a race to invest aggressively in this technology among major enterprises to become a leader of tomorrow. Perhaps there is a future in which AI agents automate and handle various tasks in our day-to-day life.
But how will these systems transact with each other without human intervention? Bitcoin can play an important role here. It is a decentralized, neutral and completely digital communication protocol. Progress with lightening networks, in particular, may promote the adoption of bitcoin as a medium of exchange in the AI-operated world.
Greater interest from companies to buy and start buying bitcoins, fiscal mismanagement is going on by the US (and other countries), and the rise of AI can fuel the price of all bitcoins and then all bitcoins. What is more, these three powerful catalysts may continue to carry forward the world’s most valuable cryptocurrency in the front months and years.
Neil Patel There is no situation in any shares mentioned. The micle flower has a position and recommends bitcoin. Motley is near the flower Disclosure policy,