From Cointelegraph
May 09, 2025 12:14:00 PM:

Bitcoin’s price surged past $100,000 for the first time since January, with predictions of hitting over $110,000 in May due to strong institutional and retail interest. Its high Sharpe ratio of 1.72, second only to gold, highlights its maturity as an asset, offering superior risk-adjusted returns.

BTC has proven to be a dual-purpose investment, acting as a macro hedge in risk-off climates and a growth asset in risk-on scenarios. Bitcoin’s positive net return since November 2024 showcases its resilience and ability to perform well in various environments. It is described as a “Swiss army knife asset.”

Fidelity Digital Assets’ Q2 2025 Signals Report suggests that Bitcoin is gearing up for the next leg of an “acceleration phase,” characterized by high volatility and high profit potential. The historical tendency for explosive price surges is expected to continue, fueled by market dynamics and investor interest.

Bitcoin spot buyers have become dominant, with aggressive buying pressure driven by institutional interest and significant spot inflows. The shift to “taker buy dominant” status, along with a structural change in demand and a robust Sharpe ratio, could lead to a supply squeeze pushing prices above $110,000 in May.

Read more at Cointelegraph: Data suggests Bitcoin price could rally above $110,000 in May.