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The price of Bitcoin (CRYPTO: BTC) has increased by 455% over the past three years, fueled by optimism from investors and the introduction of spot Bitcoin exchange-traded funds (ETFs). However, this growth has also been influenced by overly optimistic expectations, particularly in the context of positive market sentiment surrounding artificial intelligence (AI). Recently, this sentiment has shifted, leading to a decline in Bitcoin’s value and that of other cryptocurrencies. Factors that may impact Bitcoin’s price growth in the next 12 months are under consideration.
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