Can Bitcoin Achieve an Annual Return of 200%?…Some Predict It Will Reach $120,000 Next Month

Uk Jin

Summary

There is a prediction that Bitcoin could reach $120,000.
The prediction is based on factors such as the massive outflow of Bitcoin and the potential inclusion of MicroStrategy in the S&P 500 index.
The application of the Financial Accounting Standards Board's fair value accounting standards for cryptocurrencies is expected to increase corporate adoption of Bitcoin.

Bitcoin (BTC) has once again reached an all-time high, with some predicting that it could surpass $120,000 before Donald Trump takes office.

On the 15th (local time), cryptocurrency analysis firm 10x Research stated on its official X (Twitter) account, "Bitcoin could reach $120,000 by January next year, before Trump's inauguration."

The report cited several reasons: "Last week, there was a massive outflow of Bitcoin from centralized exchanges, and MicroStrategy is expected to be included in the S&P 500 index following the Nasdaq 100 index. Additionally, the application of the Financial Accounting Standards Board (FASB)'s fair value accounting standards for cryptocurrencies is encouraging, as it could expand corporate adoption of Bitcoin."

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