Bitcoin is surging, reaching $118,600 in July with a potential to hit $258,000, following a long-term power curve trendline ahead of its historical pattern. A risk-on rally could be triggered by a falling dollar and anticipated Fed rate cuts, benefiting Bitcoin as a major asset.

Spot Bitcoin ETFs have captured 70% of gold’s inflows in 2025, signaling growing institutional interest in Bitcoin as a store of value. Bitcoin’s moderate correlation with Nasdaq 100 and low correlation with gold and bonds highlight its unique portfolio role. Fidelity’s Jurrien Timmer notes Bitcoin offering superior risk-adjusted returns compared to gold.

Read more at Coin Telegraph: Santa Rally Could Send Bitcoin Price To $300K By X-Mas Day