BTC's Road to $100,000

March 16 information:

Woo emphasized that the adoption of digital currencies is accelerating, outpacing the early days of the internet. Given BTC’s accelerating acceptance around the world, cryptographer Adam Back believes the market is heading higher, with $100,000 seen as a “long overdue goal.” Back said: “BTC hit $73,000 on Tuesday and no one said anything. It spent most of Wednesday above $73,000.” “I think the reason why BTC prices are depressed is that $100,000 seems long overdue, and it was reached a few years ago. It should be there. So when BTC prices fluctuated between $1,000 and $5,000, the bull market excitement was not high.”

Interestingly, the main driver of this BTC price prediction stems from institutional demand. Ki Young Ju, CEO of CryptoQuant, pointed out that if institutional funds continue to inflow, there will be a "sell-side liquidity crisis." The surge in demand, along with the successful launch of spot BTC ETFs in the United States, proves that BTC is a viable institutional investment, introducing a pattern in which demand may soon exceed supply. In fact, the spot BTC ETF has become the most successful exchange-traded fund in history, amassing nearly $30 billion. As Ki explains, this influx could lead to price shocks from supply. This situation occurs when the available BTC is unable to meet the growing demand. Net inflows into spot ETFs exceeded 30,000 BTC last week, further exacerbating a potential liquidity crisis.

Additionally, Ki’s analysis also shows the accumulation of BTC in wallets that only accept transactions. This upward trend in BTC accumulation indicates that hoarding of BTC is increasing and, if this trend continues, could signal the beginning of a sell-side liquidity crunch. As BTC’s adoption curve surges towards the 1 billion mark, the interplay between escalating demand (especially from institutional investors) and reduced supply could trigger an unprecedented price shock.

热点：BTC ROAD TO