Hello guys, how are you all?
Bitcoin’s price is approaching the psychological milestone of $100,000 once again. When Bitcoin hit $100,000 last time, there was a lot of buzz. But shortly after, the price dropped over 30%. That dip turned out to be a golden opportunity for institutions and individual whales.
In today’s blog, we’ll break down the current market conditions and discuss what has changed since the price hit $100,000 last time.
When the market dumps, it creates panic among retail, but institutions see it as an opportunity.
The interest in Bitcoin has intensified, with major investments from entities like MicroStrategy, which recently added 15,355 BTC to its holdings. That brings their total to 553,555 BTC, with an average cost of $68,459 per bitcoin.
Banks and brokers like Morgan Stanley are also stepping in. They’re working on offering Bitcoin to their customers through platforms like E*Trade, which signals wider adoption of crypto in traditional finance.
This tells us that Bitcoin is no longer just for crypto geeks — it’s going mainstream.
We can look at what’s happening on the blockchain (basically, Bitcoin’s public ledger) :
Creating freedom through Crypto as a Community
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