#bitcoin Since the end of 2023, Bitcoin balances on centralized exchanges have thus dropped by about 1 million BTC. The trend is accelerating as a growing number of companies issue equity or debt to buy Bitcoin, further absorbing the available supply.

At the same time, geopolitical and budgetary uncertainties, particularly surrounding the weakening of the US dollar and the exploding US debt, are pushing investors towards Bitcoin, which is increasingly seen as a safe haven similar to gold.

And although official purchases for strategic Bitcoin reserves in the United States have not yet materialized, the Swiss bank has stated that once they begin, they could be a major catalyst for price increases.