Key Factors Behind Bitcoin's Recent Momentum
1. Institutional Interest: Leading institutions and funds are increasing their Bitcoin holdings, showcasing trust in its long-term potential.
2. Regulatory Developments: Clarity in regulations across various countries fosters trust, attracting more participants.
3. Macroeconomic Uncertainty: Concerns like inflation and banking instability drive investors to consider Bitcoin as a store of value.
4. Bitcoin Halving: The upcoming Bitcoin halving in 2024 reduces mining rewards, potentially leading to supply shocks and price appreciation.
