These 3 Catalysts Could Bump Bitcoin to $125,000 by the End of Summer
Ever since hitting a new all-time high of $111,970 on May 22, Bitcoin (CRYPTO: BTC) has struggled to find any upward momentum. In fact, over the past two weeks, Bitcoin has shown signs of dropping below the $100,000 level.The good news is that three big catalysts are emerging that could push Bitcoin higher within the next three months. If so, Bitcoin could hit a new all-time high above $125,000 before the end of summer.The first catalyst is new legislation for the U.S. Strategic Bitcoin Reserve. Yes, an executive order already exists for the creation of the Strategic Bitcoin Reserve, but there is no legislation actually defining how it will work and function. The White House executive order in March specifically said that any future Bitcoin purchases must be "budget-neutral" with no direct impact on taxpayers. The new legislation is expected to outline a clear mechanism for how this would work.Continue reading
Ever since hitting a new all-time high of $111,970 on May 22, Bitcoin (CRYPTO: BTC) has struggled to find any upward momentum. In fact, over the past two weeks, Bitcoin has shown signs of dropping below the $100,000 level.
The good news is that three big catalysts are emerging that could push Bitcoin higher within the next three months. If so, Bitcoin could hit a new all-time high above $125,000 before the end of summer.
The first catalyst is new legislation for the U.S. Strategic Bitcoin Reserve. Yes, an executive order already exists for the creation of the Strategic Bitcoin Reserve, but there is no legislation actually defining how it will work and function. The White House executive order in March specifically said that any future Bitcoin purchases must be "budget-neutral" with no direct impact on taxpayers. The new legislation is expected to outline a clear mechanism for how this would work.
