30s Summary

Corporate executives are selling company shares at record rates as Bitcoin reaches a historic value of $100,000. Despite the traditional stock market’s volatility, Bitcoin’s return has increased by 127%. The performance of Bitcoin has surpassed that of most other investments. Analysts predict Bitcoin could reach $160,000 by 2025, given stable economic conditions and favourable decisions on interest rates. However, a potential drop to $70,000 may occur before reaching this zenith. Bitcoin ETFs have also gained popularity with a huge influx of about $4.8 billion in investments in the 11 days leading up to December 12.

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Loads of big business hotshots are flogging their company shares at record rates, and it’s happening while Bitcoin is smashing through the $100,000 mark. The number of corporate execs selling compared to those buying hit a new record; for every one buyer, there were six sellers.

This mega sell-off in traditional stocks coincides with Bitcoin hitting its highest ever value of $100,000 on December 6—a mega moment in crypto history.

Despite the stock market getting shaky, Bitcoin is laughing. Its return this year has skyrocketed by 127% after a 13% increase last month.

Bitcoin hitting the $100,000 bench-mark meant it performed better than most other investments around, be it precious metals or the world’s largest stock market indexes. By December 13, Bitcoin had risen by a wild 137% for the year, while oil has fallen a tad, the S&P 500 rose by 28%, and gold by 29%.

With European and Chinese economies stabilising and interest rates being cut, there’s a good chance Bitcoin can reach a dazzling $160,000 by 2025, according to a report by Matrixport. However, that’s if the US Federal Reserve’s decision on interest rates come December 18 doesn’t throw a spanner in the works.

Jag Kooner, a Bitfinex head honcho, reckons if Bitcoin manages to dodge things like interest rate increases and still gets love from institutional investors, we might see the year out with Bitcoin’s value at a record high. But brace yourself bitcoiners—some reckon a drop to around $70,000 could be on the cards before Bitcoin’s cycle reaches its top.

There’s also a chance Bitcoin’s price will hit a high of $110,000 in January before rolling back to $70,000 by February 2025. That prediction is based on Bitcoin’s link with the global supply of money.

The folks at Sosovalue have noticed a swell of cash flowing into Bitcoin exchange-traded funds (ETFs), which could keep Bitcoin’s momentum growling along. A whopping $4.8 billion has been invested in US spot Bitcoin ETFs in the 11 days leading up to December 12, which speaks for itself.