Gold has stopped rising. Last week, gold reached around 3500 USD, and after hitting this price, gold entered a period of major fluctuations. According to previous analysis, its upward trend is nearing its end, and some funds and attention will flow into BTC, which is a positive sign.
Sovereign wealth funds, publicly listed companies, and American elites are increasing their holdings of BTC through ETFs and the spot market, while retail investors are selling. Currently, countries such as El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves. In May, more details about the U.S. BTC strategic reserve will be disclosed, which will be beneficial; some state governments in the U.S. are also promoting related legislation. Although purchases may not begin this year, many state finances may start buying BTC next year.
