Six factors that could trigger the largest Bitcoin bull run since the first cycle:

1. FED Chair, JPeezy, recently signaled a potential 2024 pivot in terms of multiple interest rate cuts, whereby reducing the cost to borrow, often fueling Bitcoin price climbs 📈

2. GG at the SEC finds himself between a rock [bitcoin ETF applications] and a hard place [DC Courts], with the latter concluding the SEC had no grounds to deny previous Bitcoin ETF applications... 👀

3. The amount of BTC available on exchanges is at its lowest level in 5-6 years (lower than during the last bull run). This, along with a potential Bitcoin ETF, could lead to simultaneous supply and demand shocks ⚡️

4. New FASB guidance on accounting for crypto assets paves the way for many public companies to now hold Bitcoin on their books instead of cash. Being able to record Bitcoin at fair value (vs lowest price since purchase), would increase their stock valuation 👌

5. The US mining industry appears to be humming along nicely with hashrates continuing to hit all time highs. And, with ordinals now subsidizing the miners + new FASB guidance, these companies may be inclined to hold their mined Bitcoin revenue rather than dump or convert to cash ⛏️🔥

6. Not only institutions, but nation-states are also looking to repair broken economies with the healing power of Bitcoin. With El Salvador leading the way, Argentina, Colombia, Saudi Arabia, Qatar, and even the United States, are are among the many countries evaluating a transition to a Bitcoin standard either through investment, mining, legal tender or treasury backing 🌎

7. All of this before the bitcoin halving.

Did I miss anything?

Number 6

Institutions

Nation-states

This is important they all have Billionaire friends that will want a piece of the pie.

FOMO will be a real thing

Gold will end the FED

#btc is better then gold

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