Bitcoin price will hold $100K for good after three key events take place
Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier.
Bitcoin advocates who propagate various theories of how high BTC price can go often cite the spot exchange-traded fund (ETF) inflows and institutional adoption as reasons why prices will stay above $100,000. However, this type of analysis fails to focus on the underlying factors that lead investors to shift their perception of Bitcoin from a high-risk asset to the equivalent of digital gold.
The three real catalysts for Bitcoin’s sustainable price rise include regulatory changes that enable wider institutional participation, relaxed restrictions on retirement investments, and increasing recognition of Bitcoin as a strategic reserve asset similar to gold.
While banks and pension funds are inclined to increase their Bitcoin exposure, regulatory and accounting standards present significant obstacles. Most pension funds and wealth management firms are not structured to hold spot Bitcoin ETFs due to administrative restrictions or internal mandates requiring modification.
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Author: Marcel Pechman
