With a weak dollar we will see an increasing flee to risk on assets. Bitcoin will benefit from this, I predict a strong end to 2025 as money flows into Bitcoin. Take advantage of this as it won’t last forever, we will top & enter a bear market which will cause the opposite, a big flow back into the fiat.
Since the approval of Bitcoin ETF, we have seen unprecedented inflow of money into Bitcoin. Bitcoin have become acceptable and a good option for investor when there is uncertainty in the currency market. It will keep getting better for Bitcoin because the confidence of people is gradually approaching that of gold and when they are at par, people will always prefer Bitcoin to gold.
That has been an amazing help for us, but it wasn't the only reason. Because we are seeing the increase happen way afterwards. We have seen an increase when it was accepted and that was the influx of new money and that was great. But we are seeing that change now because it has been over a year now, and new money isn't coming in at that speed anymore.
We had some increases in the recent six months where price went up, but that wasn't really a big deal, it wasn't really a huge change, it was just whatever we believed the price should go, not the ETF new money. That doesn't mean ETF had no help, of course it helped, just that it wasn't the main reason like it was over a year ago, which back then was the biggest reason, not anymore.