Bitcoin

<p>Crypto analyst Mags <a href="https://twitter.com/thescalpingpro/status/1715345741890339208?t=SmxgIn5mqsrpBeKUpfMbhg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">laid out</a> a compelling case for why Bitcoin is poised to reach $100k in a recent tweet thread. He pointed to several key adoption drivers that suggest Bitcoin’s next leg up is imminent.</p>
<h2 class="wp-block-heading" id="growing-institutional-adoption">Growing Institutional Adoption</h2>
<p>Mags noted that major companies like Honda, Ferrari, and Tesla are now accepting crypto payments. Tesla revealed they held their Bitcoin in Q3 without selling any.</p>
<p>Large banks are also getting involved. Nomura launched a Bitcoin fund in Japan for institutional investors. As Mags states, <em>“Less than 5% of the global population is invested in Crypto (we are soo early).”</em></p>
<h2 class="wp-block-heading" id="supportive-regulations-and-infrastructure">Supportive Regulations and Infrastructure</h2>
<p>The regulatory environment is becoming more supportive as well. Mags highlighted that Coinbase received approval to offer crypto derivatives trading internationally. It also received a full operating license in Singapore.</p>
<p>Crypto infrastructure is expanding with Hong Kong launching its first regulated Bitcoin and crypto trading platform. All of this points to growing mainstream adoption.</p>
<h2 class="wp-block-heading" id="bitcoin-fundamentals">Bitcoin Fundamentals</h2>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="651" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-1024x651.png" alt="" class="wp-image-360907" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-1024x651.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-300x191.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-768x488.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-1536x976.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-2048x1302.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-236x150.png 236w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-551x350.png 551w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554-788x500.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-554.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Beyond adoption, Bitcoin’s fundamentals remain strong. Mags noted the upcoming Bitcoin halving in less than 180 days will create a supply shock. Meanwhile, Bitcoin bears are still waiting for a dip to $12k that never materialized.</p>
<p>With all these bullish factors, Mags sees Bitcoin marching towards $100k. The macro environment and increasing adoption provide the ideal runway for new all-time highs.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/these-bullish-indicators-suggest-bitcoin-headed-to-100k-btc-analyst/">These Bullish Signs Suggest Bitcoin Headed to $100K – BTC Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

These Bullish Signs Suggest Bitcoin Headed to $100K – BTC Analyst

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