CoinVoice has recently learned that, according to 4E observations, Bitcoin performed strongly in October, reaching an all-time high. Historical data shows that the average increase in October is about 21%. The Bitfinex Alpha report indicates that the current rise is primarily due to reduced selling pressure and improved macro conditions—whale selling has significantly slowed, the Federal Reserve has shifted to a dovish stance, inflation has receded, and ETF funds are flowing back in, all suggesting that the market correction phase may have ended.
Bitcoin has regained a high correlation with gold, with both reaching historical highs recently. Gold has risen over 50% this year, while Bitcoin is around 33.5%. Analysts believe that if Bitcoin continues to follow the trend of gold, it may experience significant upward movement by the end of the year. David Marcus, co-founder of Lightspark, stated that if Bitcoin's market value equals that of gold, its price could reach $1.3 million, "breaking the seven-figure mark is just a matter of time."
Deutsche Bank economists further predict that by 2030, Bitcoin may appear on central bank balance sheets like gold. The bank points out that Bitcoin's scarcity and anti-inflation characteristics are driving its transition from a speculative asset to a reserve asset.
At the same time, the New York Stock Exchange-listed company Hyperscale Data (NYSE American: HSDT) announced an expansion of its Bitcoin treasury to $41 million, currently holding a total of 90.6 BTC, and plans to continue increasing its holdings in the open market.
4E reminds investors: the Bitcoin narrative is shifting from 'risk asset' to 'reserve asset,' supported by macroeconomic easing and institutional accumulation, making the fourth quarter market worth watching. [Original link]
