The week ended with Bitcoin prices falling from their high water market, but good luck finding a single BTC investor that is worried about it. This market has long legs, so long in fact we now have mainstream analysts from Cantor Fitzgerald making price calls of $1 million, Barron’s reported exclusively last week.
“Bitcoin’s recent surge past $120,000 isn’t just a price spike, it’s a clear indicator of its maturing market and strengthening fundamentals,” said Marvin Bertin, co-founder and CEO of Maestro, a leading BitcoinFi infrastructure provider. They raised $3 million in seed funding in February, helped along by crypto savant Tim Draper at Draper Associates, along with co-investor Wave Digital Assets.
“Individuals and institutions globally seek reliable, independent assets, and Bitcoin continues to prove its value in being just that. The recent highs are fueled by increasing institutional adoption, the accessibility offered by new Bitcoin ETFs, and the halving event, which limits supply, making Bitcoin scarcer,” Bertin said.
The last Bitcoin halving was in April 2024. Bitcoin is programmed to halve its block reward every 210,000 blocks to control supply …