The King Awakens
Bitcoin and Recent "Awakenings"
Recently, Bitcoin has witnessed impressive price surges, even breaking historical records, surpassing the 100,000 USD mark. Several factors have contributed to this "awakening":
* Capital flow from Bitcoin spot ETFs: The approval and launch of Bitcoin spot ETFs in the US have opened the door for institutional investors to access Bitcoin more easily. The large capital inflow into these funds is one of the main drivers pushing Bitcoin's price up.
* Demand from institutional investors: Large companies and financial institutions are ramping up their purchases of Bitcoin, demonstrating strong confidence in this asset as a store of value and an important part of their investment portfolio.
* The Halving Event: Bitcoin halving is an event that halves the reward for miners, occurring approximately every four years. This event reduces the supply of new Bitcoin entering the market, creating scarcity and often leading to subsequent price increases.
* Macroeconomic and geopolitical factors: Some macroeconomic factors such as concerns about public debt, loose monetary policy, or geopolitical instability may also drive investors to seek Bitcoin as a safe-haven asset.
Market Analysis and Future Predictions
