Bitcoin

Gold

<ul class="wp-block-list">
 <li>Bitcoin surpasses $100,000, marking a record high on December 5.</li>  
 <li>Bernstein predicts Bitcoin will replace gold as leading store of value.</li>  
 <li>Bitcoin reaches $2 trillion valuation, surpassing silver’s market size.</li> 
</ul>  
<p>Bitcoin rose to over $100,000 on December 5, making it a key highlight in the crypto asset’s history. The rally came after political changes in the United States, where President-elect Donald Trump nominated crypto-supporting figure Paul Atkins as the next Securities and Exchange Commission chairman. Many market participants have positively seen this shift in positioning digital assets.</p>  
<p>Federal Reserve Chair Jerome Powell has <a href="https://www.youtube.com/watch?v=-oLfaksWj4o" target="_blank" rel="noopener noreferrer nofollow">categorized</a> Bitcoin in a comment referring to Bitcoin as a form of&nbsp; ‘digital gold.’ That acknowledgment has made Bitcoin’s store-of-value narrative stronger credibility. Top analysts believe that more gains are possible in cryptocurrency, and traders remain attentive to its dynamics.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-s-dominance-and-acceptance-by-institutions"><strong>Bitcoin’s Dominance and Acceptance by Institutions</strong></h2>  
<p>In addition, Bitcoin's market cap has recently grown, surpassing silver. This makes it a worthy competitor to gold's dominance. Additionally Bitcoin is valued at over $2 trillion, while gold is priced at over $17.9 trillion. This has started to change due to the rising demand from corporations and institutional investors seeking long-term investment.</p>  
<p>BlackRock, a leading asset management firm, currently oversees billions in Bitcoin <a href="https://cryptonewsland.com/blackrock-bitcoin-etf-surpasses-gold-trust-in-assets/" target="_blank" rel="noopener noreferrer nofollow">exchange-traded funds</a> besides commitment from MicroStrategy, which has surpassed $40 billion in its BTC treasury. Industry analysts believe these firms want to capitalize on cryptocurrency’s scarcity, manageable storage, and seamless cross-border transfer capabilities. Some people regard these changes as the fact that <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> is getting closer to the established financial system.</p>  
<p>Institutional interest also emerged with the hope that regulations would become more defined. Market observers expect the new SEC leadership to be less inclined toward “regulation by enforcement.” They view the emerging environment as the one that may foster the development of blockchain technology within the United States.</p>  
<h2 class="wp-block-heading" id="h-forecasts-predict-substantial-long-term-gains-for-bitcoin"><strong>Forecasts Predict Substantial Long-Term Gains for Bitcoin</strong></h2>  
<p>Many analysts have provided inspiring estimates for the top digital currency. In their latest research, Bernstein still expects the price of Bitcoin to touch $200,000 by 2025 because of regulatory clarity and further institutional adoption.</p>  
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<p>Fundstrat Global Advisors co-founder Tom Lee has offered an optimistic outlook of $250,000 by the same period. He identifies historical trends associated with supply-halving events as the main reason for the expected upward trend.</p>  
<p>According to Ki Young Ju, the <a href="https://cryptonewsland.com/?s=CEO+CryptoQuant" target="_blank" rel="noopener noreferrer nofollow">CEO of CryptoQuant,</a> the realized cap of cryptocurrencies could lead to a price increase of the digital asset and raise the perceived “ceiling.” He believes that Bitcoin could rise towards $146,000 before any speculation emerges. Fibonacci extension levels used by technical analysts have long-term targets of around $150,000.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-surges-past-100k-as-experts-predict-it-could-outperform-gold/" rel="noopener noreferrer nofollow">Bitcoin Surges Past $100K as Experts Predict It Could Outperform Gold</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Surges Past $100K as Experts Predict It Could Outperform Gold

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