Bitcoin has reached a new historical high, raising questions about further growth of the cryptocurrency. Experts share their insights on potential paths for price increases.
New Bitcoin Record
This morning, Bitcoin reached a new record, surpassing $124,529 for the first time. This increase has drawn attention from both traders and analysts.
Forecasts and Reasons for Growth
Some analysts, including Mena Theodorou, co-founder of Australian cryptocurrency exchange Coinstash, predict that the new executive order issued by US President Donald Trump, allowing Bitcoin to be included in retirement plans, will open a $12.5 trillion market for digital assets. Theodorou stated, "The surge to $150,000 and above could happen faster than many people expect."
Analysis of Institutional Demand
Analysts also noted that the recent rise of Bitcoin is driven by institutional demand, real-world integration, and deep global liquidity. Emir Ibrahim of Zerocap asserts that this rise is different from retail-driven speculation seen in past bull markets.
Thus, Bitcoin continues to set new records, and expert opinions on further growth and the influence of institutional investors on the market are only strengthening.
