Quote from: Essential10 on Today at 07:28:18 AM

Quote from: peter0425 on March 11, 2024, 09:36:53 AM

are we going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/ the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

Bitcoin prices have seen a surge since the start of the year with Bitcoin ETFs. Where Bitcoin price this month has seen break its previous record and enter a new ATH. It cannot be ruled out that we will see Bitcoin hit $75k before the Bitcoin halving. More people are showing interest in investing in Bitcoin now than before. Due to the rising price, many people want to hold the coin and expect more price increase in the future. Many say that such increase is due to the approval of Bitcoin ETF, while others say that the value of Bitcoin is increasing due to the increase in the amount of Bitcoin holdings. What is the exact reason for Bitcoin's price increase? Many people can analyze it in different ways, but in my opinion, I can't find any correct explanation. I don't know what will happen next, but I want to witness the bull run ahead.

You got the answer right in your comment. Think about it, if the bitcoin ETF is not approved, large investment funds like Blackrock will not enter the market, we will not have large cash flows pouring into the market, so how can the price increase? Demand for bitcoin holdings has increased significantly due to the approval of bitcoin ETFs, both of which are closely related. The recent price increase of bitcoin is due to the impact of bitcoin ETFs, although many people do not like ETFs, we cannot deny this.