Where Will Bitcoin Be in 1 Year?
The price of Bitcoin (CRYPTO: BTC) has surged 455% higher over the past three years as investors have grown increasingly optimistic about the world's leading crypto. Part of the excitement has stemmed from the launch of spot Bitcoin exchange-traded funds (ETFs) last year, making it easier than ever for investors to add some exposure to Bitcoin in their portfolios.
However, another driver of Bitcoin's value has likely been investors' overly optimistic expectations. They've been driven, in part, by a positive sentiment in the broader market thanks to artificial intelligence (AI). That sentiment has shifted, at least temporarily, and the value of Bitcoin and other cryptos has dropped recently.
Where is Bitcoin headed? Here are a few factors that could hinder cryptocurrency price growth over the next 12 months.
Source Fool.com
