Overview
- Bitcoin set a new high above $126,000 in early October before sliding to under $110,000, roughly a 15% retreat.
- The piece highlights prospects of lower interest rates over the next six to 12 months as a potential boost to risk assets, including Bitcoin.
- Growing U.S. federal debt nearing $40 trillion and abundant global liquidity are cited as structural supports for the cryptocurrency.
- The analysis notes roughly 17% gains year to date and an 839% rise over five years as context for recent volatility.
- Geopolitical frictions and advances in AI are presented as factors that could encourage broader adoption and safe-haven demand.