BTC Reaches $100,000 Again After US CPI Announcement, Becoming a Must-Have Asset?

CoinTelegraph analyzed that “Bitcoin has reached $100,000 again following the US Consumer Price Index (CPI) and spot buying.” The media said, “As the US November CPI came in in line with expectations, the Coinbase premium (the Coinbase-Binance price difference) returned to the positive range, and signs began to emerge that BTC could break its all-time high again as spot buying pressure remained strong. In the futures market, resistance is seen at the $101,500 level in the short term. Some analysts believe that BTC could rise to $110,000.” The media explained. Meanwhile, the U.S. Department of Labor has announced that the CPI for November rose 2.7% from the same month last year, in line with market expectations.

Thomas Peterffy, the founder of Interactive Brokers, a major US securities firm and a billionaire businessman, said in an interview with Bloomberg, “Anyone who doesn't have Bitcoin should get it.” “Everyone should have a little bit of Bitcoin,” he said. You don't need to hold too much. You should invest 2-3% of your net worth in Bitcoin. If you invest more than 10% of your assets in Bitcoin, it is too risky.” He added.