Is it time for Bitcoin for a long time? Market experts reveal when $600,000 of BTC occurred
Bitcoin is still trending over $100,000 despite the Israel-Iran war triggering a market crash, but investors have not been discouraged from expecting price increases. Cryptocurrency market expert Ansem is one of those who call for higher prices, calling for higher prices for Bitcoin. He lists some of the major developments that may stimulate the rise in cryptocurrency prices, which suggests a possible increase of 500% over here.
$600,000 Bitcoin Target
In the analysis, crypto analyst Ansem (also known as Blknoiz) gives the reason why he thinks the price of Bitcoin can be headed. The first reason given is that people like Michael Saylor’s strategy continue to accumulate large amounts of Bitcoin. It is not the only company to buy assets, and others like GameStop have joined the buying frenzy. This is expected to keep pushing the price of Bitcoin higher, as these companies are more likely to be in the long run.
The second reason list is that global problems are growing in obtaining a store of value that is not controlled by governments. Given the decentralized nature of BTC, it gives holders full control over the government’s oversight and transfers value to more Fiat sources such as USD and debt.
The next fact on this line is that despite unlimited assets, gold still has a market capitalization of over $23 trillion. By contrast, Bitcoin’s fixed supply of 21 million BTC and its ability to easily transfer across countries has allowed it to store value better for a long time.
Macro factors supporting Bitcoin surge
Other macro factors that contribute to Bitcoin’s long-term bullishness are improved regulatory oversight of the cryptocurrency market. This has made the market mainstream, with the recent sentiment biased towards positive.
While the huge sold-out sales triggered 30% of the crash, Bitcoin was able to get rid of tariff concerns as well, after 30% sold earlier this year. Currently, it still maintains support of over $100,000, showing strength here. This is in line with the fact that the Ministry of Government Efficiency (DOGE) is cutting government spending makes BTC an attractive asset to hold.
Given all this, cryptocurrency experts believe that the price of Bitcoin could rise by 500% to $600,000. This will bring the market cap of digital assets to between $10 and $12 trillion, and the schedule is expected to be carried out sometime in 2028.
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