bullish

Bitcoin

April

<ul> 
 <li>Over the last decade, Bitcoin (BTC) has emerged as one of the most attractive and lucrative investment options for billionaires, investment firms, sovereign&nbsp;funds, and family funds.</li> 
 <li>Friendly crypto regulation, mainstream adoption, and its ability to perform positively in times of economic and political distress have made the asset a must-have asset in smart investors’ portfolios.</li> 
</ul> 
Bitcoin (BTC) has been the stand-out performer over the last decade, leading to a growing interest in digital assets among the financial elite. This trend began with individual billionaires who were vocal about their stand in holding BTC tokens directly. It has extended to investment firms, sovereign funds, and family funds. 
Although it is regarded as one of the most volatile assets, BTC has managed to deliver nearly <span class="gecko-up" data-percent-change-target="percent" data-coin-id="1" data-24h="false" data-json="{&quot;aed&quot;:33715.464,&quot;ars&quot;:3744205.525,&quot;aud&quot;:118225.521,&quot;bch&quot;:5098.215,&quot;bdt&quot;:73978.762,&quot;bhd&quot;:47679.073,&quot;bmd&quot;:47707.475,&quot;bnb&quot;:115.681,&quot;brl&quot;:219599.677,&quot;btc&quot;:0.104,&quot;cad&quot;:112519.339,&quot;chf&quot;:78369.597,&quot;clp&quot;:49374.773,&quot;cny&quot;:101581.504,&quot;czk&quot;:32022.563,&quot;dkk&quot;:102505.413,&quot;dot&quot;:1320.533,&quot;eos&quot;:13661.641,&quot;eth&quot;:243.699,&quot;eur&quot;:102461.975,&quot;gbp&quot;:100836.321,&quot;gel&quot;:53.12,&quot;hkd&quot;:88142.06,&quot;huf&quot;:44192.909,&quot;idr&quot;:137385.393,&quot;ils&quot;:31505.652,&quot;inr&quot;:122225.4,&quot;jpy&quot;:128721.765,&quot;krw&quot;:103037.894,&quot;kwd&quot;:35046.978,&quot;lkr&quot;:76743.623,&quot;ltc&quot;:4314.958,&quot;mmk&quot;:103767.278,&quot;mxn&quot;:133709.966,&quot;myr&quot;:119975.527,&quot;ngn&quot;:846542.184,&quot;nok&quot;:46816.32,&quot;nzd&quot;:110134.79,&quot;php&quot;:114072.77,&quot;pkr&quot;:93567.107,&quot;pln&quot;:102025.067,&quot;rub&quot;:236640.625,&quot;sar&quot;:33714.459,&quot;sek&quot;:134432.621,&quot;sgd&quot;:90009.695,&quot;thb&quot;:35154.413,&quot;try&quot;:502740.202,&quot;twd&quot;:93270.907,&quot;uah&quot;:433007.117,&quot;usd&quot;:85751.676,&quot;vef&quot;:660.788,&quot;vnd&quot;:39332.689,&quot;xag&quot;:60541.724,&quot;xau&quot;:43778.445,&quot;xdr&quot;:97283.067,&quot;xlm&quot;:2849.542,&quot;xrp&quot;:964.71,&quot;yfi&quot;:4693.308,&quot;zar&quot;:155832.987,&quot;bits&quot;:5.188,&quot;link&quot;:815.973,&quot;sats&quot;:5.188}">85751.7% returns over the last decade. During this time, much has changed, with a keen focus on regulation and adoption. The gradual improvement of the two culminated in the U.S. Securities Enforcement Commission (SEC) approving the first Bitcoin spot ETF at the start of the year. This has accelerated adoption, with <a href="https://www.crypto-news-flash.com/blackrock-fidelity-and-top-asset-managers-snag-bitcoin-btc-on-the-dip-hold-steady/" target="_blank" rel="noopener">BlackRock’s IBIT ETF</a> attracting over $20 billion. The same has led to a price appreciation, with BTC setting a new all-time high in March after reaching a little over $74,000. 
At the time of writing, <a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener">BTC is trading</a> for $58,919 after a 2% price rise in the past 24 hours. These gains are welcome after a bearish week that has seen the altcoin lose around 6% in the past seven days. 
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With the $60,000 psychological position at play, investors are keen to watch whether the digital asset sets a midterm bearish or bullish trend. 
Bitcoin has, in part, struggled in recent weeks due to a fall in investment inflows into Bitcoin ETFs. These investment products have primarily driven the bull market, and with investors easing up their involvement, demand and price have fallen. 
Investor interest has further been slowed due to the asset failing to stage a post-Bitcoin halving rally; at the start of the year, there was great expectation that post the <a href="https://www.crypto-news-flash.com/bitcoins-last-bargain-before-post-halving-rally-5-of-7-indicators-point-to-bull-run/" target="_blank" rel="noopener">April halving</a>, the asset would stage a remarkable rally to set a new all-time high. As prices fail to match mining costs, miners are increasingly under pressure to sell their stash, adding pressure to prices. Speculators anticipating gains have also been selling, leading to more pressure. 
Recent trends data reveal that interest in Bitcoin is waning. Worldwide year-to-date (YTD)&nbsp;<a href="https://news.bitcoin.com/google-trends-data-reveals-cooling-interest-in-bitcoin-amid-market-uncertainty/" target="_blank" rel="noopener">statistics&nbsp;</a>show the search term “bitcoin” scored 32 out of 100. That’s a 43.85% drop from the first week of 2024. 
The upcoming November U.S. election could be critical to Bitcoin’s price trajectory. Trump has emerged as the preferred candidate for the crypto community, and the candidate is exploring the various regulations and applications that will support the government and the industry in the long term. 
This imminent win will usher in more investment into Bitcoin and the greater crypto economy, helping cement its position in the global economy. Several price predictions place Bitcoin trading above $100,000 before the end of the year, offering smart investors massive gains.

Billionaires Heavily Investing in Bitcoin (BTC) Ahead of the Great Wealth Transfer

Crypto News Flash

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