FameEX Hot Topics | 4 Reasons Why Bitcoin's Next Logical Milestone is $100K

Bitcoin’s journey toward the $100,000 milestone is gaining momentum, supported by strong inflows into exchange-traded funds (ETFs), MicroStrategy’s continued accumulation, favorable macroeconomic trends, and growing confidence among miners. Recent price movements suggest Bitcoin is poised for further gains, potentially reaching this new high before the year ends.

Bitcoin recently reclaimed the $95,000 level after dipping below $91,000 on November 26. This two-day, 5% rally marked a clear decoupling from traditional markets, particularly US government bonds. This shift is notable, as Bitcoin had previously been tracking the US 2-Year Treasury note yields closely. With global economies facing growth challenges, Bitcoin’s appeal as a scarce asset is growing, especially given its censorship-resistant features and its alignment with hard monetary policies.

Investor sentiment has been further boosted by inflows into US spot Bitcoin ETFs, reversing a short-term negative streak. On November 27, Bitcoin ETFs saw a net inflow of $103 million, largely directed into Fidelity’s FBTC and Bitwise’s BITB. This marked a significant reversal from the previous $548 million in outflows observed on November 25-26. BlackRock’s IBIT fund remained flat during this period, but overall, the ETF inflows are contributing to a positive market outlook for Bitcoin.

In addition to ETF inflows, Bitcoin miners are also showing renewed confidence. After a 10-day stretch of outflows, miner-controlled addresses have seen an increase in deposits, signaling optimism in the market. Miners’ accumulation of Bitcoin typically indicates confidence in the ongoing bull market, whereas large-scale profit-taking can lead to fear, uncertainty, and doubt (FUD). Glassnode data reveals that the 30-day average miners’ revenue is 476 BTC, with about 30% expected to be withdrawn for operational expenses.

Finally, MicroStrategy’s ongoing Bitcoin strategy is bolstering confidence in Bitcoin’s future prospects. The company holds a record 331,200 BTC in its treasury and plans to continue acquiring Bitcoin, potentially controlling 4% of the total Bitcoin supply by 2033. Despite global economic uncertainties, Bitcoin's potential to reach $100,000 remains highly promising, supported by strong on-chain data, increasing institutional interest, and favorable macroeconomic conditions. These factors continue to fuel optimism around Bitcoin’s future growth.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.