Matrixport: Bitcoin Price Expected to Reach $50,000 This Week, These Factors Will Drive a Frenzy
Bitcoin Investing Markets 

Matrixport: Bitcoin Price Expected to Reach $50,000 This Week, These Factors Will Drive a Frenzy

As Bitcoin returns to 45,000, trading institution Matrixport released a statement indicating that the price of Bitcoin could reach $50,000 in January. The reasons include the approval of Bitcoin spot ETFs, institutional buying, supply shortages, and historical trends. At the same time, Matrixport also believes that the season for competing altcoins is approaching, and the funding cost for Bitcoin is rising.

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