Recently when the Bitcoin ETF had gone live it then made other big entities to basically buy Bitcoin and now it is creating more demand for BTC, about 12.5 times for every BTC created per day as I heard from Anthony Pompliano's statements recently in one of his interviews. Well, that will be the explanation for the Bitcoin pump which we are witnessing basically after its inception up to now even before another halving event which would happen in April this years and that is about two months away and considering that time passes-by so quickly, we couldn't imagine how high BTC will go but basically it will beat the last all-time high for BTC which could have been higher if not from which I personally think was the looming war by Putin back then. So that happened along with the FTX fiasco, Do Kwon's UST collapse, and other's which pulled the BTC's price down from there until the price visited 50K today which is inevitable for the reason of major demand is on play created from institutional investors using Bitcoin ETF as a way too get some BTC and thus impacting the value of Bitcoin on a positive way.
One factor that BTC will soar to reach at least its predicted all-time high (ATH) is that the dollar would further devaluate for the reason that the FED is printing more money. It would create more inflation and because BTC has a price, it will also make it more valuable and thus have more inflated value. Now, as the value goes up again because of the fundamental feature of BTC along with inflation factor fueled by USA's need to get more money to sustain its support for Ukraine and its interests in the west Philippine sea against China, then the influx of BTC investors, and future cryptocurrency enthusiasts will join to give more demand to BTC. Because of these few things, BTC will became more popular especially now that google had permitted the Ads of some BTC entities to show their advertisements in their platform, the media coverage, and celebrity endorsements will also fan the flame of Bitcoin popularity and value.
It is apparent that an added demand for BTC accelerates its faster growth with regards to its value now and the fact that the supply i.e. the amount of Bitcoins being mined per day will halve in April will basically make the ongoing force of demand for it to double and this will then create a new high for BTC which we can determine by looking at the BTC price history. However, this time around it is different because of the inception of BTC ETF which I personally think can give more acceleration to the rise of the value of BTC. These will be the place of "uncharted territories" and so because of these big factors, the confidence of investing in BTC will become greater for the reason that in long-term point of view, people will feel much safer and secured if they would park their money in the safest bet of all assets and that is Bitcoin.
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