Reported about 1 year ago
Bitcoin has been trading sideways recently, with the price around $56,500. Despite this, there are compelling reasons for investors to consider adding Bitcoin to their portfolio while it's below $60,000. With milestones like ETF approval, halving events, potential interest rate changes, and companies working on Bitcoin adoption, there are both short-term and long-term catalysts for growth. Considering the scarcer and more functional nature of Bitcoin compared to gold, it's speculated that Bitcoin could potentially reach a market cap of $8 trillion, leading to significant gains for investors in the long run.
Source: YAHOO