Reported about 1 month ago
Amidst recent predictions from investment firm Bernstein that Bitcoin could reach $200,000 by the end of 2025, billionaire investors, including prominent figures like Michael Saylor and Jack Dorsey, are rapidly accumulating the cryptocurrency. This uptick in buying is attributed to a belief in Bitcoin's potential as a new institutional asset, a hedge against economic uncertainty, and a viable investment leading to significant returns, spurred by the launch of new Bitcoin ETFs.
Source: YAHOO