Eh, Bitcoin leh, it's like the kopi-o gao of investments – everyone's talking about it! Why is it shooting up like durian prices during durian season? Well, hor, got a few reasons can lah:
1. **Institutional Kiasu-ness**: Wah, big shot investors like banks and atas companies suddenly like Bitcoin, leh. Confirm plus chop, this makes Bitcoin more steady.
2. **ETFs – Easy to Flip**: Now got these thing called Bitcoin ETFs. Makes it easier for people to chop chop get into Bitcoin without holding the actual digital coins. Confirm more people throw money in like throwing dice in a dice game.
3. **Limited Supply Like Chicken Rice**: Bitcoin got 21 million coins only. Like hawker stall closing early, this scarcity makes people think Bitcoin is 'shiok' – like storing value in a plate of chicken rice during circuit breaker.
4. **Halving Party**: Every four years, Bitcoin got this 'halving' party. They cut the number of new Bitcoins created like auntie cutting discounts during Great Singapore Sale. Historically, this makes Bitcoin price shoot up like HDB flat prices.
5. **Market Sentiment: Like Hawker Queue**: People see everyone queuing up for Bitcoin like they queue for Michelin-star hawker food. Positive vibes and optimism make Bitcoin prices go up like bubble tea shops during hot weather.
But oi, don't forget, hor, got the halving date coming soon. Wah, with such a strong run, like eating too much chili crab can get a bit siong, maybe got correction coming. But 60,000 can still happen, lah. Dydd and may your portfolio 'jiak buey liao'! Share and comment, lah!
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