Bitcoin reaches new high of $93,495 as experts discuss $100,000 milestone

Bitcoin has surged to a new all-time high of $93,495 as of November 13, 2024. Experts believe it may reach $100,000, but opinions vary on whether this will happen by the end of the year or early 2025. Institutional investment, including Bitcoin Exchange-Traded Funds, has increased significantly, attracting $2.6 billion in inflows. Political developments, particularly Donald Trump's election win, are seen as positive for Bitcoin's future, with expectations of more favorable regulations. Despite the optimism, experts warn of potential market corrections and volatility, especially with a large options expiry approaching on December 27. While many agree Bitcoin will eventually hit $100,000, the timeline remains uncertain.