Bitcoin’s Next Breakout: Is $100,000 Just the Beginning?
@JinHan:
Bitcoin, the pioneer cryptocurrency, is back in the spotlight as it flirts with $100,000, sparking discussions of even higher valuations in the near future. While skeptics may attribute the rally to hype, the fundamentals supporting Bitcoin’s rise are stronger than ever. In this article, we’ll explore Bitcoin’s evolution, the driving factors behind its 2024 surge, and why the long-term trajectory suggests significant upward potential. Bitcoin: From Peer-to-Peer Cash to Digital Gold When Bitcoin was introduced in 2009 by the pseudonymous Satoshi Nakamoto, its primary purpose was to serve as a decentralized, peer-to-peer digital currency. Early adopters envisioned it as an alternative to traditional fiat currencies, free from the influence of central banks. Over time, Bitcoin’s narrative shi