How High will Bitcoin Rise? RM341,000 for Now, is The Moon Next?
The surge of cryptocurrency has gripped the financial world, emerging as a dominant force in investment landscapes. Bitcoin, along with its counterparts like Ethereum, Bitcoin Cash, Ripple, and Litecoin, is sparking widespread discussion and speculation. As the market continues to evolve rapidly, investors are closely monitoring these digital assets and their potential impact on global finance.
According to reports, it is revealed there is a surge in global cryptocurrency ownership, reaching a staggering 580 million users. This marks a substantial 34% increase from the previous year’s count of 432 million.
The growth persists despite economic uncertainties spurred by U.S. monetary policies, geopolitical tensions, and pandemic fallout. Factors like Ethereum’s network upgrade and Bitcoin Ordinals’ swift success contributed to the allure.
Anticipation surrounding SEC’s potential approval of 11 spot bitcoin ETFs further fueled investor interest. The report also highlights a significant rise in Bitcoin and Ethereum ownership, with over half of crypto holders now embracing Bitcoin, signaling a pivotal year for mass crypto adoption.
Bitcoin’s all time high is positive for all coins
X users are anticipating the further rise of the cryptocurrency leader. Many are speculating that the currency would reach USD $100,000 = 1 Bitcoin. In Malaysian Ringgit, it would be RM468,660. Furthermore, just at the end of 2022, 1 Bitcoin was only RM73,000. For some who were lucky enough to purchase a part of the coin during the time, they would be in the green now.
Some who are skeptical of the currency have said numerous things about it. Namely, Paul Krugman, a proud American liberal states that Bitcoin is “evil.” However, from the time he said it, the value of it has grown by 38,000 since 2015, according to Luno.
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