Bitcoin has achieved a significant milestone, reaching $100,000 for the first time since its creation 16 years ago. On Wednesday, it surged to $102,650, marking an impressive 138% increase this year as it rebounds from the FTX collapse.
Predictions about Bitcoin's future are varied. Some analysts forecast that Bitcoin could further rise to $125,000 by the end of the year and possibly hit $500,000 in the long term. However, there are also expectations for a pullback in its price.