Bitcoin Price Predicted to Reach $100,000 as German Government Sells Bitcoin Holdings Ends
Bitcoin price has experienced remarkable ups and downs in 2024, however the market is positive. And this is as a result of the increase in the investments in Bitcoin by institutions, and the fact that Bitcoin is gaining more acceptance.
The digital asset with the highest value which is Bitcoin, has been the main investment for big investors, who are coming into the crypto space. Bitcoin value has been affected by the macroeconomic landscape, the occurrences geopolitically, and by the influence of big investors.
The recent worldwide economic conditions have had remarkable impact on the price of Bitcoin. Especially the policies by the central bank, the rates of inflation, has significantly affected the value of Bitcoin.
And Bitcoin price has been affected by the major institutional sell off, like the holdings of BTC divestment by the government of Germany. However, this sell has ended, and Crypto analysts predict a surge in Bitcoin price, with potentials of reaching $100,000 in 2024.