Bitcoin Primed for Mainstream Breakout as Legitimacy and Scarcity Drive Projected Surge to $100,000
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Bitcoin is decentralized and not controlled by any single entity, making it akin to commodities like gold rather than securities.
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Bitcoin has a finite supply of 21 million coins, so it cannot be devalued by inflating the money supply like fiat currencies.
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Recent SEC approval of Bitcoin ETFs lends legitimacy and makes it easier for mainstream investors to gain exposure.
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The upcoming Bitcoin "halving" in April 2023 is likely to drive up prices, as it has during past halvings.
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Multiple catalysts point to Bitcoin reaching $100,000 by the end of 2025, including increasing adoption and its superior ability to store value.