Bitcoin's Latest Record High Reflects More Than Just its Value, According to Bitfinex Alpha

Bitcoin's recent surge to a new all-time high of $123,120, as reported by Bitfinex Alpha, is not just a figure, but a testament to its growing role in global finance. The bullish momentum is driven by aggressive ETF demand, grassroots accumulation, and global economic uncertainty. The rise is seen as a reflection of Bitcoin's resilience in unstable conditions, as compared to traditional assets like gold and stocks.

Bitcoin's market capitalization briefly made it the fifth most valuable global asset, while intense demand from US spot Bitcoin ETFs and retail investors further amplified supply pressure. Amid signs of stress in the US economy, Bitcoin's rise is seen as an indicator of how investors are preparing for an increasingly uncertain global economy.