Bitcoin Soars 60% in 2023, Analysts See $90K by Year-End as Halving Nears

• Bitcoin has soared 60% since early 2023 to around $70,000; analysts see it reaching $90,000 by end of year • Demand for Bitcoin spot ETFs has drastically exceeded expectations, with inflows over $25 billion already • Upcoming Bitcoin "halving" event in April expected to reduce selling pressure and boost price • Historically, Bitcoin has risen significantly in value in the 24 months following previous halvings • Bitcoin has dropped 50%+ from record highs multiple times, so investors should be prepared for volatility