Analysts and seasoned users in the cryptocurrency market, such as 'American HODL', expect that Bitcoin is on the brink of an unprecedented upward wave, driven by institutional flows that could reach $11 trillion, reminiscent of the dot-com bubble at the turn of the millennium.
Bitcoin recorded its highest level ever this month, surpassing $120,000, with a market capitalization of $2.4 trillion, without the usual noise of a split, but rather through a slow accumulation by major companies like 'Strategy' and 'Trump Media', which began listing Bitcoin on their balance sheets as a long-term hedge.
In the background, fears are growing regarding the decline of the dollar's status as a global reserve asset, amid rising interest rates and inflation of American debts.
Both Jamie Dimon and Larry Fink have warned of this threat, pointing to the potential rise of Bitcoin as a digital alternative.
Additionally, the chances of interest rates being lowered again by 2026 could bring liquidity back to the markets, encouraging risk-taking and pushing assets like Bitcoin to new levels, as happened after the Corona crisis.
The 'Swan Bitcoin' exchange predicted that major institutions, which are still preparing to enter, will gradually inject massive amounts of capital.
And if the purchases of those entities coincide, a narrative similar to the early days of the internet may repeat, when each company sought a digital story for survival.
Now, every company may seek a Bitcoin strategy.
According to this scenario, it is not unlikely that Bitcoin could reach a million dollars or more in the next few years, in a potential bubble that could be the largest in the history of financial markets.
