Bitcoin, now over $89,000, is poised for potential growth towards $100,000 by the end of 2024, driven by strong market momentum and institutional interest.
While the recent gains in Bitcoin are encouraging, we must recognize that this increase is still below historical levels post-'halving', indicating room for further growth.
The optimism in the cryptocurrency market is also tied to the outcome of the U.S. elections, as Trump's policies are expected to bolster digital currency markets.
Investors should consider adding Bitcoin into their portfolios as the digital currency's value is in a renewed cycle, suggesting an upward trajectory is likely.
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