Even if Bitcoin remains in the same price zone, there is no shortage of predictions for $100,000 BTC. Here are 5 factors that could cause prices to rise.

BTC has seen very little movement in recent weeks, but that hasn’t stopped the predictions from pouring in. Additionally, there are 5 factors that could favor a gradual price increase for this asset.

BTC halving event repeats itself

Although the Litecoin halving just happened, the most important event for cryptocurrencies is the Bitcoin halving. Scheduled regularly, it remains a key catalyst in driving BTC prices and altcoin prices to new highs.

While the next Bitcoin halving is scheduled for spring 2024, analysts expect the asset to rise by then. After the event, BTC price should obviously continue to rise. At least, that's what Satoshi Nakamoto's drama has achieved historically, and that's what people expect.

If it's not this halving that will push BTC to $100,000, it's likely to be the next one.

Institutional Adoption of BTC

BlackRock CEO Larry Fink’s U-turn on Bitcoin and his desire to launch his own ETF for the largest cryptocurrency speaks volumes about what the future of Bitcoin may be like. Indeed, because such a decision undoubtedly represents certain interests. This is the attitude of BlackRock institutions and clients towards Bitcoin.

Additionally, the fact that BlackRock submitted for approval for a Bitcoin ETF also adds to the enthusiasm for the gold coin. In fact, a wave of buying took it back above $30,000. Subsequently, several companies also submitted requests for approval.

Accept as payment method

As we see Tesla accepting Bitcoin as payment in 2021, this could have a significant impact on BTC prices. In fact, this decision by Elon Musk has propelled this asset to new heights. Rather, the fact that it was subsequently withdrawn resulted in a decrease in the value of the asset. Uber's CEO has specifically mentioned this possibility in recent weeks. In the future, if more companies start to follow suit, it could encourage individuals to own Bitcoin.

Clear and even favorable regulation

With regulation, we also touch on a very important point for the future of Bitcoin. In fact, because it is ultimately necessary to have clear and, above all, more favorable regulations for cryptocurrencies. While some coins are harmful to the crypto environment and users, a reliable cryptocurrency like BTC should not be so rejected.

Although political issues play a large role, the emergence of politicians who are more open and able to respect individual freedoms is necessary. For example, in the next US presidential election, most candidates have expressed their love for Bitcoin. All of this is a strong criticism of Joe Biden’s policies towards the cryptocurrency industry.

current economic situation

As Robert Kiyosaki claims, Bitcoin may well become an ideal refuge in the context of an economic crisis. We already saw this last spring, when the U.S. banks began to shake and Bitcoin prices rose. Even though we don't necessarily know how Bitcoin will react over a longer period of time, Satoshi's coin is capable of reacting positively to short-term instability.

Therefore, many financial analysts recommend buying Bitcoin or gold amid a devaluation of the US dollar. Focusing on these investments or these stores of value will help weather the financial depression.

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