The growing interest in Bitcoin continues to gain momentum, fueled by institutional investments and optimistic analyst forecasts.
Factors Driving Bitcoin Growth
Discussions about potential US Treasury bond buybacks have become relevant. This move could improve market liquidity and propel Bitcoin's growth. Analysts like Jamie Coutts predict that BTC's price could exceed $132,000 by the end of the year.
Whale Accumulation in the Market
The number of whale addresses holding over 1,000 BTC increased by more than 60 since March, indicating rising interest from large investors. Data shows these addresses grew to 2,107.
Institutional Investments and Their Impact
Institutional demand for Bitcoin is growing, with companies like Japan's Metaplanet expanding their reserves. Recently, Metaplanet purchased 330 BTC for $28.2 million, raising its total holdings to 4,855 BTC.
Despite short-term uncertainties stemming from global trade tensions, the long-term outlook for Bitcoin remains optimistic, with the potential for significant price increases in the future.
