Bitcoin hits over $100,000 sparking growth predictions, but experts split on potential crash in 2025.

From Nasdaq

December 28, 2024 8:01 AM:

Bitcoin has surged to over $100,000 for the first time, sparking questions about its future. Analysts predict continued growth due to halving cycles, with the next expected in 2028. Some believe in a ‘supercycle’ and institutional backing, while others warn of a crash in 2025 due to recession risks and security concerns. 1. In a recent study, researchers found that the COVID-19 vaccine developed by Pfizer and BioNTech is highly effective at preventing severe illness and hospitalization caused by the Delta variant. The study showed a 96% efficacy rate against hospitalization after two doses.

2. The Federal Reserve announced plans to begin scaling back its bond-buying program as the economy continues to recover from the impacts of the pandemic. The central bank is expected to reduce its monthly purchases of Treasury bonds and mortgage-backed securities by $15 billion each.

3. Apple unveiled its latest line of products, including the iPhone 13, during a virtual event. The new iPhone models feature improved cameras, longer battery life, and a faster processor. Apple also introduced the Apple Watch Series 7 with a larger display and new health monitoring features.

4. The United Nations reported that the number of people facing acute hunger worldwide has reached a 5-year high, with over 45 million people in 43 countries in need of urgent food assistance. Conflict, climate change, and economic instability were cited as major factors contributing to the crisis.

Read more at Nasdaq: Is a Bitcoin Crash Coming in 2025? Experts Weigh In