Will Bitcoin rise to $100,000 per coin in October?

Whether Bitcoin will rise to $100,000 per coin is difficult to determine. Here are some supporting and opposing factors:

1. Supporting factors:

·Increased demand: As Bitcoin is recognized by more and more investors, market demand continues to increase. In particular, after the US Securities and Exchange Commission approved the spot ETF, it provided investors with a more convenient investment channel, attracted a large amount of institutional funds and retail funds to enter, and pushed up the price of Bitcoin. In addition, the ETFs operated by leading global asset management companies have a strong demand for Bitcoin, and the asset scale continues to expand, which provides strong support for the price of Bitcoin.

·Limited supply: The total supply of Bitcoin is limited. According to its algorithm setting, a maximum of 21 million can be issued. Over time, the number of newly produced Bitcoins will gradually decrease. This scarcity makes Bitcoin's price have the motivation to rise when demand increases.

·Macroeconomic environment: Against the backdrop of increasing global economic uncertainty and continued inflation, Bitcoin, as a decentralized asset, has anti-inflation characteristics and is regarded as a safe-haven asset by some investors. For example, during periods of economic instability, investors may transfer funds to Bitcoin, thereby driving its price up. Technological development: As the underlying technology of Bitcoin, blockchain technology continues to develop and improve, and its application scenarios are also expanding. This not only improves the security and credibility of Bitcoin, but also increases the market's confidence in Bitcoin, helping to drive up prices.