Bitcoin hit a new all-time high of around $125k per coin over the weekend, following Coinbase CEO Brian Armstrong’s bold prediction of $1 million per coin by 2030. Bitcoin’s market cap now surpasses Amazon’s, and its long-term returns have been impressive. Bitcoin is entering its strongest months historically, with low exchange supply and high hash rates.
Despite reaching new highs, Bitcoin interest is low, suggesting a bullish contrarian view. The correlation between global M2 and Bitcoin prices indicates increased liquidity driving up Bitcoin’s value. Bitcoin’s technical analysis suggests a potential breakout to $134k by year-end. Bitcoin’s long-term narrative remains bullish, supported by scarcity and liquidity.
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Read more at Nasdaq: Bitcoin Hits $125k All-Time High: 9 Must-See Charts
