Bitcoin, the world’s largest cryptocurrency, has been hovering below the $100,000 mark for quite some time now. However, according to Dr. Sean Dawson, a renowned expert at Derive, there is a 44% chance that Bitcoin will reach $125,000 by the end of June.

Despite its recent struggles, Bitcoin has been gaining more mainstream acceptance and adoption, with major companies like Tesla and PayPal now accepting it as a form of payment. This has led to increased interest and investment in the cryptocurrency, driving its value up.

Dr. Dawson believes that this trend will continue and that Bitcoin’s chances of reaching $125,000 have improved. He attributes this to the growing acceptance and adoption of Bitcoin, as well as the limited supply of the cryptocurrency. With only 21 million Bitcoins in existence, the demand for it is expected to increase, driving its value up.

In addition, the recent market volatility and economic uncertainty have also played a role in Bitcoin’s potential for growth. As traditional markets continue to fluctuate, investors are turning to alternative assets like Bitcoin as a hedge against inflation and economic instability.

However, Dr. Dawson also cautions that there are still risks involved in investing in Bitcoin. Its volatile nature and lack of regulation make it a high-risk investment, and investors should always do their own research and proceed with caution.

Despite these risks, the potential for Bitcoin to reach $125,000 by the end of June is an exciting prospect for investors and enthusiasts alike. As the cryptocurrency market continues to evolve and gain mainstream acceptance, the future looks bright for Bitcoin and its potential for growth.