🚀 Bitcoin is back on the rise! From November 1 to December 16, 2023, Bitcoin's price surged 210% to a record high above $108,000. Compare that to the S&P 500 which only rose 45% and the Nasdaq 55%. What's the secret?

- **BTC Supply is Decreasing**: The supply of Bitcoin on exchanges has drastically decreased, making BTC more valuable. Owners prefer to store it for the long term.

- **Governments & Corporations Join the Trend**: The US government and large companies are starting to hoard Bitcoin. In fact, there is a strategic BTC reserve plan by the Trump administration.

- **MVRV Bullish Signal**: Bitcoin's MVRV ratio shows potential for further price increases.

- **Hash Rate Soars**: More miners are optimistic, indicating confidence in higher BTC prices.

- **US Deficit & Macro Policy**: Trump's plan is predicted to increase inflation, giving a boost to the crypto market.

- **Technical Indicators**: Bitcoin starts 2024 with a bullish pattern, ready to go higher.

What do you think? Comment below!