Yes Hive’s Friends,
A Texas House committee recently passed a landmark decision, approving the ‘Bitcoin Reserve Bill,’ which paves the way for the state government to store Bitcoin in its reserves. As a result of the decision, the price of Bitcoin surpassed $104,000 this morning, setting a new milestone.
There are a few key reasons behind this increase in Bitcoin's price:
Institutional investment surge: Record amounts of investment have flowed into Bitcoin ETFs, increasing confidence in the market.
Corporate Acceptance: Various institutions are incorporating Bitcoin into their reserves, which is increasing its acceptance.
International Trade Agreements: New trade agreements between the US and the UK and potential trade talks with China have increased investor interest in Bitcoin.
I think the future of Bitcoin will be better than predicted.
Analysts believe that if the current momentum continues, the price of Bitcoin could soon touch $120,000. However, if the $100,000 level cannot be held, the price could drop to $92,000.
I am following Leo Finance.
yeah guys whats your opinion? Do you think that this rise in Bitcoin will continue? Or is it a temporary increase? Leave your opinion in the comments!