According to Matrixport, the fifth Bitcoin bull market driven by institutional adoption began in June 2023, and the price of Bitcoin could reach $125,000 by December 2024.

🔵 The first bull market was in 2011, when BTC was seen as a new payment instrument.

🔵 The second bull market was related to China, where BTC gained recognition as an alternative form of money.

🔵 The third bull market was fueled by the ICO boom

🔵 The fourth bull market is associated with the development of DeFi and NFT

🔵 The fifth bull market seems to be related to institutional acceptance

The optimal entry point was reportedly around the end of October 2022, offering higher expected gains due to growing momentum.

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