From Nasdaq: 2024-04-12 08:35:00

Bitcoin is poised to surpass $100k with five catalysts driving its growth, including widespread institutional adoption. El Salvador benefits from Bitcoin purchases, MicroStrategy soars 1,000%, and a European ETF launch is on the horizon. A Bitcoin halving event in April will constrain supply in 2024, historically leading to strong price surges. Additionally, presidential election years have historically seen bullish trends for Bitcoin, with significant returns observed.

Investors are witnessing Bitcoin breaking out to new all-time highs, as simplicity in technical analysis yields positive results. Despite a 131.72% price increase in the past year, Google Trends show lower Bitcoin searches compared to the 2017 peak, suggesting minimal overexuberance. Bitcoin remains the most profitable asset class, with historical returns far exceeding other forms of investment. Zacks predicts continued surges after the recent successful growth.

Read more at Nasdaq: Zacks Investment Ideas feature highlights: IBIT, Coinbase, MicroStrategy and Alphabet