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Bitcoin adoption is rapidly surpassing that of the internet and mobile phones, driven by demographic trends, economic shifts, and advancements in digital asset infrastructure. Younger generations are leading this trend, favoring Bitcoin as a decentralized asset amid rising inflation and geopolitical tensions.BlackRock's spot Bitcoin ETF, IBIT, has gained significant traction, with nearly $38 billion in inflows, making it the largest of its kind. The firm recently launched a Canadian dollar-denominated version, further promoting Bitcoin exposure as direct investment remains complex for many.
Bitcoin has surged to a new all-time high, surpassing $97,000, as investors anticipate a second Donald Trump presidency, which could lead to favorable regulations for the cryptocurrency. The price rose over 3% to $97,646.68, with expectations of reaching $100,000 this year and potentially doubling by 2025. Analysts attribute this rally to improved liquidity, increased institutional adoption, and a shifting regulatory landscape, alongside concerns about inflation and budget deficits.
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