Bitcoin's price has reached $97,227 per coin and is nearing the $100,000 milestone, largely driven by institutional investors rather than retail investors. The lack of retail participation raises concerns about Bitcoin's broader appeal, with some perceiving it as an asset only accessible to the wealthy, similar to gold. The high price of Bitcoin may alienate retail investors and lead them to consider other, more affordable altcoins. The divisibility of Bitcoin is often misunderstood, and better education is needed to highlight its accessibility. Institutional dominance in the market could solidify the perception of Bitcoin as a wealthy asset, potentially losing its grassroots appeal. Retail interest may increase once the $100,000 milestone is surpassed. To compete with altcoins and decentralized finance platforms, Bitcoin should emphasize its fractional buying option and its potential for long-term wealth building.



Other News from Today