Bitcoin (BTC) could reach $1.6 million by 2036 as institutional investment, limited supply and growing concerns over currency devaluation drive demand for the cryptocurrency, according to asset manager Bitwise.
Bitcoin (BTC) price hovers above $83,000 at press time on Wednesday, showing signs of a bullish comeback as institutional investors regain confidence. US spot BTC Exchange-Traded Funds (ETFs) have recorded nearly $550 million in inflows over the last two days, suggesting renewed buying pressure.
Bitcoin (BTC) holds above $82,000 on Friday, buoyed by key structural support levels and a psychological demand area around $80,000. The Crypto King shows signs of consolidation, allowing bulls to build strength ahead of attempts to recover toward $84,000 in the short to medium term.