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Bitcoin, Can It Achieve an Annual Return of 200%?… Some Predict It Could Reach $120,000 Next Month

Bloomingbit Newsroom

Summary

10x Research predicted that Bitcoin could reach $120,000 by January next year before Trump's inauguration.
Last week, there was a massive Bitcoin outflow from centralized exchanges, which could act as a positive price signal.
MicroStrategy's potential inclusion in the S&P 500 index and the application of FASB's accounting standards are expected to increase corporate Bitcoin adoption expectations.

Bitcoin (BTC) once again hit an all-time high today, with some predicting that it could surpass $120,000 before Donald Trump takes office.

On the 15th (local time), the cryptocurrency analysis firm 10x Research projected through its official X (Twitter) account that "Bitcoin could reach $120,000 by January next year before Trump's inauguration."

Regarding the basis for this, the report stated, "Last week, there was a massive outflow of Bitcoin from centralized exchanges, and MicroStrategy is expected to be included in the S&P 500 index following the Nasdaq 100 index. Additionally, the expansion of corporate Bitcoin adoption due to the application of the U.S. Financial Accounting Standards Board (FASB)'s fair value accounting standards for cryptocurrencies is also encouraging."

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