Bitcoin Surges to $65K! 10x Research Predicts Bitcoin to Break Historical Highs This Week
With the background of the rise in US Treasury bonds, Bitcoin has emerged as a resilient alternative asset that is not subject to government intervention like gold or real estate. The influx of large amounts of funds into Bitcoin ETFs can indicate this.
OTC market activity shows a significant decrease in Bitcoin inventory, leading to an imbalance in supply and demand, and a shift towards purchasing on exchanges, resulting in a decrease in balances.
The valuation of Bitcoin remains a mystery as it holds a unique position as a social currency, and there is no specific model to fully estimate its value. In addition, insights into its intrinsic value may be gleaned through comparisons to mining costs and traditional assets such as gold.
The trend of regular investments indicates that the “ignore the price” trend is growing based on optimism about the halving market. With bullish sentiment and a lack of sellers, Bitcoin is on the verge of breaking historical highs.
