What’s next for Bitcoin? #BTC

Bitcoin’s fifth bull run, driven by institutional adoption, has begun in June 2023 and could reach $125,000 by December 2024, according to Matrixport.

⚫ The first bull run was in 2011 when Bitcoin was seen as a new payment instrument.

⚫ The second bull run is linked to China, where BTC is gaining acceptance as an alternative form of currency

⚫ The third bull market is driven by the ICO boom

⚫ The fourth round of bull market is related to the development of DeFi and NFT

⚫The fifth bull market seems to be related to institutional acceptance

The best entry point is reportedly around late October 2022, with further gains expected as momentum continues to build.