Bitcoin Soars Past $94,000 as Market Optimism Fuels Potential $100K Target

Bitcoin has experienced a significant surge, reaching a record high of over $94,000. This rise is fueled by strong institutional backing, driving its decoupling from traditional financial markets and signaling potential for further price increases. 21Shares predicts a peak in the coming months at $130,460, while Cathie Wood, CEO of ARK Invest, highlights the shift away from gold investments towards Bitcoin as a ‘risk-off’ asset during economic uncertainty. Experts anticipate continued upward movement driven by institutional investment and macro conditions.