3 Factors That Could Initiate the Next Bitcoin Price Leg Up

[Bitgarden@29]

In the following article, we look at the possible developments that could lead to bitcoin’s leg up.

Bitcoin’s price is more than 60% up since the start of the year. Yet, it’s nearly 30% down since the April peak. With just a few months left until the end of the year, predictions are flying left and right about the asset’s price tag at that point.

One of the most popular models – the Stock-to-Flow – sees BTC tapping into a six-digit territory by December’s end. If bitcoin is to go into such unseen and unimaginable (until recently, at least) heights, it would have to more than double its value in a few months.

As such, the creator of the model recently outlined some of the potential reasons that could propel such an impressive surge.
Source: :click

[cashisking86]

I think large investment banks looking to offset inflation will look to BTC rather than gold as a hedge and that will be what drives the price up.