Bitcoin Surpasses $110,000... "Possibility of Reaching $160,000 in Q4"

There is speculation that the price of Bitcoin (BTC) could surpass $160,000 within this year.

Edward Carroll, head of global markets and corporate finance at MHC Digital Group, stated on the 22nd (local time) to Cointelegraph, "With the increasing demand driving medium-term price rises, Bitcoin's price could reach $160,000 in Q4 this year and $1 million by 2030." He analyzed that Bitcoin has the potential to rise more than $50,000 additionally within this year. Bitcoin surpassed $110,000 for the first time today.

Unlike past bull markets, there is analysis that speculative demand has decreased. Caroline Bowler, CEO of Australian cryptocurrency exchange BTC Markets, told Cointelegraph, "(This peak) reflects a global mature interest in digital assets rather than speculative surges seen in past cycles," and analyzed, "Current (Bitcoin) demand is driven by infrastructure for institutional investors and enhanced regulatory clarity."