Why bitcoin/HIVE will be going to new heights The number of institutions owning 1,000 or more bitcoins jumped to 1,678 this week. Bitcoin reached $70,107 a few minutes ago. More and more corporate managements are saying that they are going to start accumulating bitcoins and they will be whales, buying up to thousands of bitcoins.
By the way, many people are not aware of the maximum number of bitcoins that are going to be in existence. It is NOT going to be 21 million. If people lose their bitcoin key, or they die without anybody knowing it, those bitcoins are lost forever. A lot of people at the start, when bitcoin was only worth a few dollars a bitcoin, or a few hundred dollars, were sloppy and lost their key. Many other people have also accidentally lost their key. Altogether, at least 3 million bitcoins have bit the dust. Possibly much more. So, people and institutions will be fighting for a much smaller hoard of bitcoins than is anticipated.
That is why more analysts are saying that bitcoin is going to surpass $150,000 and probably $200,000. HIVE will follow bitcoin.
Now both Trump and Harris are saying that they are going to back bitcoin. Trump is going to replace the SEC with someone that is bitcoin friendly instead of the present head which is aggressively anti bitcoin.
HIVE reached $5.72 last December and is well on its way there, or higher, now. It reached $28.75 in February 2021, and with the way
bitcoin is going, it could reach those heights again.
Hang on to your hats, we are soon going to be in nosebleed territory.