Bitcoin Soars to $70K; Analysts Predict Further Gains to $90K Despite Continued Volatility Risk

Bitcoin has surged 60% since early 2024 to around $70,000 per coin currently
Bernstein analysts predict Bitcoin will reach $90,000 by end of 2024, adding almost $500 billion to its market valuation
Demand for Bitcoin spot ETFs has drastically exceeded expectations, with inflows over $25 billion already
Bitcoin's next "halving" event in April 2024 should reduce selling pressure and boost demand
Bitcoin has fallen 50%+ from its record high price 3 times in the past 7 years, so volatility continues to be a risk