Bitcoin Bulls Eye $100K as Price Surges Amid AI Boom
Bitcoin has seen its price increase since August, making investors optimistic about reaching the $100,000 target by the end of the year.
Tighter monetary policy and the AI boom are potential headwinds for Bitcoin's growth. However, historical data suggests a bullish outlook for the cryptocurrency.
The Federal Reserve raised its benchmark federal funds rate recently, which could present a challenge to riskier assets like Bitcoin.