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Bitcoin (BTC) has reached the $100,000 mark with its recent rise, and the rise is expected to continue.
At this point, Matrixport said in its latest report that Bitcoin could reach $125,000 in December.
Bitcoin May Reach $125,000!
Matrixport has predicted that Bitcoin could reach $125,000 in December as the fifth bull run begins.
At this point, analysts referring to their reports from July 2023 pointed out that in their July 2023 reports, they predicted that Bitcoin could reach $ 125,000 by December 2024 and said that these predictions were about to come true.
Analysts who stated that the rally in Bitcoin will continue also shared their analysis of gold, BTC's biggest rival.
Analysts stated that gold experienced a wave of selling as the dollar rose following the US presidential elections, and that the decline in gold offered investors a buying opportunity.
He said that while Bitcoin has outperformed gold in recent years, both should be in portfolios.
“Bitcoin and gold: Both assets deserve a place in institutional portfolios.
The recent decline presents an attractive buying opportunity for gold investors, as the gold bull market is likely to continue alongside the momentum of the Bitcoin bull market.”
*This is not investment advice.