Currently, the price of Bitcoin is experiencing a bullish surge, crossing the $52,000 threshold and reaching a two-year high.
Some analysts, such as CrediBULL Crypto, foresee a parabolic rise to $100,000 by mid-2024.
The open interest in Bitcoin futures and options has reached a record high, signaling robust demand and liquidity from both institutional and retail investors.
Prominent figures like Cathie Wood and Robert Kiyosaki consider Bitcoin as a potential alternative to gold