Bitcoin Just Hit $124,000. Is $150,000 Next?
On Aug. 14, Bitcoin (CRYPTO: BTC) surged to a new all-time high above $124,000. The world's most popular cryptocurrency is now up nearly 30% for the year and appears poised for further gains, based on improving market sentiment for crypto.
But can Bitcoin soar even higher, to $150,000? To answer that question, it's important to consider what's powering it.
There are several different catalysts pushing Bitcoin higher right now. One of them, of course, is the recent executive order from the White House that will open the door for crypto to be included in 401(k) plans. This is expected to unlock trillions of dollars in new capital, a big chunk of which will likely flow into Bitcoin.
Source Fool.com
