The recent surge in Bitcoin’s price, which has reached an all-time high of $31,000, is likely the reason for
Bitcoin price hasn't reach ATH yet,which will come up at 2025 after bitcoin halving next year April,2024 from analysis. There must be an halving event before ATH,this makes me think that the author of this article doesn't understand bitcoin movement and cyclic,that it is historical. It is true that the new bitcoin millionare will double that of last year because bitcoin faced the bearish market due to the crash of exchanges like Luno and FTX a big exchange last year,this had a bad effect on bitcoin price. Social medias and government went on to spread the FUD on bitcoin, which added a negative impact on the adoption of bitcoin and its price. This year bitcoin price started the pump,SVB e.t.c crashed and USD depreciated due to some economy challenges which was caused by inflation. All these put together made many investors withdraw their funds from the banks and invested it on bitcoin, since bitcoin is use as a store of value. Bitcoin adoption is a continuous exercise that is ongoing and will not come to an end,only if bitcoin fails