Bitcoin Price Soars 125% in 2022 But Still Has Room to Run Toward New Highs
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Bitcoin's price has soared 125% this year but is still 47% below its all-time high, leaving room for further gains.
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Upcoming Bitcoin "halvings" historically drive price increases as new supply is reduced. The next halving is in April 2023.
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Anticipation is building that the SEC may approve Bitcoin ETFs, allowing major institutional investment and price increases.
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Lower interest rates and potential recession could drive investors to riskier assets like Bitcoin.
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Bitcoin offers decentralization and independence from traditional finance amid economic uncertainty, making it uniquely appealing.