As we reported at Kriptokoin.com , Bitcoin has been rising rapidly like a rocket climbing into the sky in recent weeks. BTC, which saw its all-time high at $89,229, accelerated the hearts of investors. However, there are those who think that this rise is only the beginning. Andrew Tate, one of the colorful names of the crypto world, said that the true potential of Bitcoin has not yet been discovered. According to him, the real bull run is on the horizon and this time the peak will really be “infinite”.
Bitcoin: The New Form of Money, According to Tate
Andrew Tate does not see Bitcoin as just an investment vehicle. According to him, BTC is the money of the future. He thinks that Bitcoin will show its true power as fiat currencies lose value. “Fiat is now garbage, why would BTC be sold?” says Tate. With its deflationary structure, Bitcoin will remain on the scene as a store of value that constantly increases its purchasing power.
Tate’s view is quite striking. Because he’s not just talking about financial gain, he’s predicting a change in mindset. People will see Bitcoin as a source of wealth that they will hold onto forever. “There’s no need to sell because everything is getting cheaper against BTC,” he says. From real estate to stocks, all assets will be defeated by BTC.
Institutions’ Hunger for Bitcoin
Bitcoin is on the radar of institutional investors as well as individual investors. The recent purchase of 27,200 BTC by MicroStrategy , reaching a total of 279,420 BTC, is a concrete indicator of this interest. The company increased not only its portfolio but also its stock value by 8 percent with its BTCpurchases. These steps show that BTC has become an “institutional reserve” asset.
What about the other big players? Names like Matt Hougan predict that Bitcoin could reach not just hundreds of thousands but a million dollars. At this point, it is said that with the re-election of Donald Trump , more crypto-friendly regulations will also be effective. In other words, Bitcoin is becoming a major player not only in price but also in the political scene.
What Do Technical Indicators Say?
When you look at the charts, you see that Bitcoin (BTC) is moving gracefully in its ascending channel like a dancer. Expert Gareth Soloway thinks that the $ 100,000 level is not far away. However, every rise needs a break. According to Soloway, a pause may occur at $ 86,000 in the short term. If there is profit taking at this level, the price may fall to $ 74,000. But do not panic , because this is only part of the big picture.
These pullbacks could put Bitcoin on firmer ground in the long run. As long as the support levels remain intact, BTC has new highs ahead. If it falls below $74,000? That’s when things could get a little complicated and we could retest $58,000. But the overall trend is that BTC is well on its way to a bull market.
What’s on the Horizon for Bitcoin?
The story of Bitcoin is much more than a success story. These days, the talk is as much about how BTC will revolutionize the financial world as it is about the price action. If Andrew Tate and other analysts turn out to be right, this will be a turning point not only for investors but for the entire financial system.
All eyes will be on Bitcoin in the coming months. Investors need to watch every step carefully on this exciting journey to the top. Because this will not just be a rally , but a harbinger of a new economic order. Be prepared, Bitcoin is coming to change the world.
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