Shift

Changer

FOMO

Bitcoin

<p>Bitcoin (BTC) is a symbol of innovation and resilience, amidst changes in the cryptocurrency world. Popularly known as the ‘digital gold’, the coin has seen a 15% decrease over the past month, with many attributing the drop to selling pressure from bitcoin mining operators, Mt. Despite these developments, many experts, like crypto analyst <a rel="nofollow" href="https://www.youtube.com/watch?v=hV9IIDtWASY" target="_blank">BTC Sessions</a>, believe there is a significant Bitcoin bull run in store soon. Let’s examine the three main factors behind this expected increase and why Bitcoin is in a position to create a significant impact.</p> 
<h2 id="1-institutional-demand-a-game-changer">1. Institutional Demand: A Game Changer</h2> 
<p>Bitcoin has continued to gain the interest of institutional investors since the past year. The symbol of the leading cryptocurrency by market cap is popular, is widely recognized and displayed on prominent news networks.</p> 
<p>This visibility does not only come from media attention; it represents&nbsp; the significant amount of capital being invested in Bitcoin by large institutions.</p> 
<p>Institutions are buying Bitcoin in record numbers. Only in the last month, these financial giants have purchased hundreds of thousands of coins. This rise of institutional investment is paving the way for Bitcoin to emerge as the most scarce form of money on the planet. It is exceeding gold in terms of stock-to-flow ratio.</p> 
<h2 id="2-bitcoin-and-legacy-financial-systems">2. Bitcoin and Legacy Financial Systems</h2> 
<p>Bitcoin bull run is poised to occur as confidence in traditional financial systems weakens. Prominent individuals such as Jerome Powell, Janet Yellen, and Christine Lagarde are becoming more unsure about the fate of fiat currency.</p> 
<p>Their attempts to provide comfort feel insincere given the looming threat of a financial system breakdown. This situation creates the perfect conditions for Bitcoin to stand out as a trustworthy option.</p> 
<p>BTC’s position as the world’s fifth largest base money is now evident, as it is only behind the market value of silver , highlighting its increasing significance. However, the true increase will come when <a href="https://coingape.com/glossary/fomo-fear-of-missing-out/">FOMO</a> prompts retail investors to begin entering the market.</p> 
<p>The coming together of institutional investment and retail interest is expected to set off a large Bitcoin bull run.</p> 
<h2 id="strong-3-the-cultural-shift-towards-bitcoin-strong"><strong>3. The Cultural Shift Towards Bitcoin</strong></h2> 
<p>Besides the financial impacts, Bitcoin is poised to bring about a major change in culture. It’s more than just accepting a different currency; it’s about accepting a decentralized financial system that provides unparalleled autonomy and security.</p> 
<p>The need to embrace Bitcoin will reflect past advancements such as gunpowder, changing the way individuals use money at its core.</p> 
<h2 id="strong-current-bitcoin-price-action-strong"><strong>Current Bitcoin Price Action</strong></h2> 
<p><a href="https://coingape.com/price/bitcoin">Bitcoin price</a> is currently trading at <span class="sc-d1ede7e3-0 fsQm base-text">$56,898.18, showing a decrease of </span>2.02%, over the past day. The past week has been favorable for the coin, with an increase of 4.86% in value. With a market cap of $1.1 trillion, BTC has experience an increase in trading volume to record $28.38 billion, over the past 24 hours.</p> 
<p style="text-align: center;"><img decoding="async" class="aligncenter size-full wp-image-207170" src="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659.png" alt="Bitcoin Price Performance" width="1980" height="1191" srcset="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659.png 1980w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659-300x180.png 300w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659-1224x736.png 1224w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659-768x462.png 768w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659-1536x924.png 1536w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-12-105659-150x90.png 150w" sizes="(max-width: 1980px) 100vw, 1980px"></p> 
<h2 id="strong-conclusion-the-perfect-storm-for-a-bitcoin-bull-run-strong"><strong>Conclusion: The Perfect Storm for a Bitcoin Bull Run</strong></h2> 
<p>The combination of institutional demand, issues with traditional financial systems, and upcoming retail FOMO is causing a perfect storm for Bitcoin. Moving beyond summer, conditions are right for a significant Bitcoin bull run. Although some doubts persist, those familiar with these trends are getting ready for what could be a highly significant upsurge in Bitcoin’s history.</p> 
<p>Bitcoin is not only surviving but thriving and becoming the most durable currency on the planet. For individuals with a positive outlook, there is great potential in the future. As the ideal conditions converge, the most intelligent individuals in the Bitcoin community are preparing for a revolutionary time in the financial industry.</p> 
<p>The post <a href="https://coingape.com/blog/reasons-why-a-historic-bitcoin-bull-run-is-on-the-horizon/">3 Reasons Why a Historic Bitcoin Bull Run is on the Horizon</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

3 Reasons Why a Historic Bitcoin Bull Run is on the Horizon

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