The last bull market for Bitcoin (#BTC ) began in June 2023, with its value expected to reach $125,000 by December 2024. This bullish cycle is the fifth in #bitcoin ’s history and boosted by expectations of institutional currency adoption.

Institutions are showing increasing interest in Bitcoin as a way to diversify their investments in light of global economic challenges and costs related to us foreign policy.

This trend has also resulted from mounting pressure on the U.S. military budget due to geopolitical events, raising fears of global inflation.Bitcoin’s dominance of the cryptocurrency #market has increased to a two-and-a-half year high, showing its growth in the market.