Bitcoin (BTC) $104,786.02Israel’s decline after Iran’s attack on Iran’s nuclear facilities on June 12, saw the gold of 104 thousand dollars. Approximately 636 million dollars were deleted from the market on a single day, Bitcoin was withdrawn from 107 thousand dollars to 103 thousand dollars. While concerns that the largest crypto currency can fall up to 102 thousand or even 101 thousand dollars, many analysts predict that the price can reach $ 200 thousand by the end of the year. So what are the driving forces behind this foresight? Let’s take a closer look.
Large companies continue to buy bitcoin
Companies and corporations from the USA, Europe, Japan and other regions continue to add Bitcoin as corporate treasury reserves. This increasing institutional demand creates additional procurement pressure in the market. In particular, the fact that the supply of the last Bitcoin block award is fixed or limited from the supply makes it even more pronounced. Company’s treasures crypto currencyThe fact that it is oriented creates a strong basic support for the price.
Alice liuAs the last meeting with Scott Melker in CoinMarketcap, the crypto currency market is experiencing the golden age, and such a catalyst is needed to ensure that people outside the crypto currency market turn to this area. Corporate participation is an important indicator of wide acceptance.
Hard decline in miners’ BTC sales
Bitcoin is experiencing another significant development on the supply side. Miners, approximately 1 in a 7 -day average BTC It makes a very low amount of sales like. This means a significant slowdown in the sales of miners. The decrease in mining revenues after the block award was split and operational costs have pushed miners to sell BTCs more strategic.
At the same time, the increase in individual and corporate investor biased demand continues. When the increasing demand with the limited supply is faced, it stands out as a result that is expected to rise in prices due to the basic economic rules. This supply-demand imbalance provides a strong driving force for price rise.
The “digital gold” narrative strengthened for Bitcoin
Bitcoin is increasingly considered a long -term value storage tool by more investors as a kind of “digital gold .. This narrative is further reinforced by large funds, company treasures, and even some governments’ evaluating Bitcoin as a reserve asset. Uncertainty in traditional financial markets and concerns that inflation will re -hort reinforce this role of Bitcoin.
This trust, which is the largest crypto money, helps Bitcoin a strong foundation for the next big price jump. The adoption and legitimacy of the asset supports the market psychology necessary for the sustainable rise trend. This feature of Bitcoin shows that despite short -term fluctuations, it maintains its long -term potential.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
