30s Summary

Major business figures are selling their stock shares as Bitcoin exceeds $100,000, creating a six-to-one ratio of sellers to buyers, a new record. Despite the stock market sell-off, Bitcoin continues to profit, delivering returns of 127% this year. Economic conditions and interest cuts in Europe and China could see Bitcoin reach $160,000 by 2025. Even if Bitcoin drops to $70,000, it is expected to reach $110,000 by January 2025. Meanwhile, over $4.8 billion has flowed into Bitcoin Exchange-Traded Funds (ETFs) in the first 11 days of December, potentially boosting Bitcoin’s momentum.

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Bigwigs in business are offloading their stock shares big-time while Bitcoin stays over the $100,000 mark. To put it into numbers, for every buyer, there are six sellers in the stock market. That’s a new record!

The selling frenzy came hot on the heels of Bitcoin passing the $100,000 milestone on December 6 – a momentous occasion in the world of cryptocurrency.

Despite the sell-off in traditional stocks, Bitcoin remains untouched and continues to profit. So far this year, it’s given returns of over 127% after rising more than 13% in the last month alone.

To put into perspective, Bitcoin’s return of 127% has outperformed most assets this year. As of December 13, while oil has dipped by 0.09%, the S&P 500 went up by 28%, and gold rose by 29%, Bitcoin has had an incredible surge of 137%.

Thanks to improving economic conditions and interest rate cuts in Europe and China, there are predictions that Bitcoin could hit $160,000 by 2025. That means there’s still plenty of room for it to grow from where it is now. But keep in mind, the US Federal Reserve is set to review the interest rate on December 18, which could shake things up for Bitcoin by end of this year.

However, even if Bitcoin undergoes a correction and drops to around $70,000, it’s expected to hit the $110,000 mark in January 2025 before another temporary dip. Eventually, everything is set for Bitcoin to hit record-breaking levels by the end of its cycle.

Meanwhile, more and more money is flowing into Bitcoin Exchange-Traded Funds (ETFs), which could potentially boost Bitcoin’s momentum. Specifically, in the first 11 days of December, these funds saw an inflow of over $4.8 billion. So, grab your popcorn and watch this space!