9h00 ▪
3
min reading ▪ by
Eddy S.
Bitcoin recently reached a new all-time high (ATH) of $107,600, marking a significant milestone in the cryptocurrency's evolution. This dramatic rise came after MicroStrategy joined the Nasdaq 100, an event that boosted investor confidence in BTC's long-term potential.
MicroStrategy pushes Bitcoin to $107,600!
MicroStrategy, a business intelligence and analytics company, has become a major player in the institutional adoption of bitcoin. Since 2020, the company has accumulated a strategic reserve of BTC, viewing the cryptocurrency as a superior store of value than gold. As a result, the integration of MicroStrategy into the Nasdaq 100 was seen as a validation of this bold strategy.
Additionally, optimism around bitcoin's strategic reserves played a key role in this price surge. Institutional investors as well as certain countries such as the United Kingdom and Russia, seeing the example of MicroStrategy, have started to seriously consider the integration of BTC into their Treasury. All of this helped propel BTC to $107,600, reaching a new ATH.
A big risk hangs over investors
This rapid rise in bitcoin is not without risks. Indeed, fluctuations in the price of BTC remain volatile, and investors should be aware of the risks associated with holding cryptocurrencies. Despite this, the new ATH of $107,600 represents a significant milestone and speaks to the growing confidence in bitcoin's potential as a leading digital asset.
Currently, BTC is trading at $106,616 with forecasts reaching between $120,000 and $150,000 at the end of 2024. For 2025, experts anticipate a continuation of this upward trend, with estimates reaching up to at $200,000.
In short, MicroStrategy's inclusion in the Nasdaq 100 was a major catalyst for bitcoin's recent rise. This milestone not only marks a new high for the premier crypto, but also a validation of growing institutional interest in BTC as a strategic store of value.
Maximize your Cointribune experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
