BTC is hanging out under $110k, just under it's recent ATH, and right around the previous ATH's hit in December and January.


But so many things are happening for Bitcoin right now.

- Trump's tyrannical economic and political attack on the US is making the world very wary of the US, the US Dollar, and of continuing to buy US debt. This means people are looking to get away from USD and are looking for a strong store of value. Old fashioned people/institutions will and have been going to gold, but those who are up to date are moving into Bitcoin.

- Several nations are talking about adopting a Bitcoin reserve at some point once the political will is there (US being one of these), and Pakistan just announced it will be the next country to do so.

- US States are starting to adopt Bitcoin reserves, with NH being the first, and TX looking like it's about to become the second. Likely a few more on the way in the next year.

- BTC ETFs are again on an inflow surge, scooping up thousands of bitcoin basically every weekday.

- It has just recently become a weekly thing for one or two companies to announce they are starting up bitcoin treasuries, and add this to the usual weekly buys of Strategy and Metaplanet, basically every week corporations are buying up hundreds of millions to a couple billion dollars of bitcoin.

- Block just announced they are adding BTC payments next year to their payment PoS apps, and there are TONS of stores that use them for payments. While I doubt they'll actually be processing many bitcoin payments, and it'll take a bunch of years for that volume to really grow to anything significant, this at least is hugely symbolical in that it means merchant adoption of Bitcoin is beginning and gets a huge jump start next year.

- Various other bullish things of Bitcoin being added/adopted in the world that I keep seeing in the news.




With all this happening, it's actually pretty dang surprising Bitcoin only broke it's ATH by a couple thousand dollars and didn't blast off much higher. I think there's a lot of retail and traders selling for short term profits at the moment after Bitcoin went up by over $35k from the April bottom. Once this short term profit taking clears out, it's hard to imagine the price won't blast off at least up to the $120k's this summer.

Institutions are eating up tens of thousands of bitcoin every week for the long term. The dam is gonna break and we're gonna get the next leg up soon I think.