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

Bloomingbit Newsroom

Summary

It was reported that there is a prediction that Bitcoin could reach $120,000 by January next year.
The report cited the large outflow of Bitcoin from centralized exchanges and the potential inclusion of MicroStrategy in the S&P 500 index as key reasons.
The expectation of Bitcoin adoption due to the application of FASB's cryptocurrency accounting standards is also encouraging.

Bitcoin (BTC) has once again reached an all-time high, and there are predictions that it could surpass $120,000 before Donald Trump takes office.

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

Regarding the basis, the report stated, "There was a large outflow of Bitcoin from centralized exchanges last week, 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 Financial Accounting Standards Board (FASB)'s fair value accounting standards for cryptocurrencies is also encouraging."