Bitcoin Price Analysis and Prediction - Bitcoin price is determined by supply and demand, with mathematically set supply [2][7] - Current price hovering around $100,000 due to behavioral factors and selling pressure from retail investors and estates like Mount Gaus and FTX [3][11][12][13] - Bitwise predicts Bitcoin could reach $200,000 by the end of the year, based on the expectation of exhausting sellers at $100,000 [14] Supply and Demand Dynamics - Bitcoin network will produce approximately 164,000 new Bitcoin this year [6] - Year-to-date through March 6, 57,000 new Bitcoin were produced, with ETFs buying all of it and corporations buying 3x that amount; governments also bought about 40,000 Bitcoin [8] - Structural mismatch exists between demand and supply, with new demand sources buying more than 100% of the supply [9] Altcoin News and Developments - Elastos debuts BTCD, a Bitcoin-backed stable coin, overcollateralized by 160-200% of BTCD's value in Bitcoin [15][16] - Ford Motor Company is exploring Cardano for legal data storage and advisory role [18][19] - Internet Computer (ICP) leads in development activity, surpassing ETH and ADA [20][21] Market Trends and Future Outlook - Shift in crypto demand from retail to institutions and governments [22] - Focus on projects with institutional appeal, such as DeFi, blue-chip projects, and stable coins [22] - Expectation that 95% of altcoins will fail, but those with product-market fit will succeed [23]