All articles tagged with #digital gold
While the US national debt soared past $37 trillion amid increased government spending, Bitcoin's value surged as a decentralized, limited-supply asset gaining global institutional and cultural acceptance, positioning itself as a potential alternative to traditional fiat currencies and a symbol of financial freedom.
Industry insiders predict that Bitcoin could reach new all-time highs this year and possibly hit $100,000. The positive outlook is due to Bitcoin's performance during the banking turmoil sparked by the collapse of Silicon Valley Bank and the failure of two crypto-friendly lenders. Bitcoin proponents say this is evidence that Bitcoin is offering an alternative to the traditional banking system as a place for people to keep their money safe. However, most people have poured cold water on the prediction that Bitcoin could reach $1 million in 90 days, saying it would likely mean an unusual economic event.