Although capital flows are currently driving $ETH and $SOL prices higher, the current backdrop is very different from previous cycles.
IN MY VIEW: • Major funds and institutions are still actively accumulating Bitcoin, with no signs of stopping. • Countries are continuing to discuss and finalize legal frameworks for digital assets, treating Bitcoin as a strategic reserve. • Likely need to wait about a month until the Fed officially cuts rates for capital flows to truly surge. • Geopolitical instability and global supply chain disruptions are limiting attractive investment channels. • Trust in Bitcoin and crypto—especially among younger generations—has surged to an all-time high. • When trust reaches a certain threshold, Bitcoin will shift from being a risk asset to a safe-haven asset (similar to gold, but overcoming all of gold’s weaknesses).
My intuition tells me that $BTC will very likely keep setting new ATHs—soon. Let’s wait and see!
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