Bitcoin Nears ATH Again—Here’s the Fuel Behind the Rally
Bitcoin’s price is clawing its way back toward record highs—and this time, Wall Street’s usual bag of tricks isn’t slowing it down. Here’s what’s pumping the rally:
The Halving Effect: Supply cuts hit hard. With April’s halving slashing new BTC issuance, scarcity plays are kicking in faster than a hedge fund’s panic button.
ETF Onslaught: BlackRock and friends piled in, converting institutional skepticism into a $12 billion buying spree. Nothing like Wall Street’s stamp of approval to make a decentralized asset... wait for it... centralized.
Macro Tailwinds: The Fed’s rate-cut limbo has traders dumping Treasuries for harder assets. Bitcoin eats dollar weakness for breakfast.
Retail FOMO: Google searches for ’buy Bitcoin’ just doubled. Because nothing says ’sound investment strategy’ like chasing green candles after a 150% run-up.
Will it hold? Who knows. But watching crypto humiliate traditional finance—again—never gets old.