July didn't need to reach the halfway point before bitcoin notched double-digit gains. That surge benefits a variety of ETFs.
Bitcoin's 2025 ascent and the upside delivered by ETFs such as the CoinShares Valkyrie Bitcoin Fund (BRRR) has been attributed to a variety of factors, including increased adoption. This year, the bitcoin adoption conversation has largely centered around two factors.
Further confirmation of bitcoin's 2025 strength could be a positive sign for assets like the Coinshares Valkyrie Bitcoin Fund (BRRR). The number of wallets holding sizable portions of bitcoin — at least $1 million — is increasing.
Considering the spate of sizable inflows into spot bitcoin ETFs and the recent ebullience surrounding equities, some investors are vexed by recent lethargy displayed by the largest cryptocurrency. However, sluggishness is in the eye of the beholder.
Since the birth of bitcoin in January 2009, it's been known that the maximum supply of the dominant digital currency will be 21 million. That's it.
Bitcoin, the world's largest cryptocurrency, continues to notch new market highs while capturing increasingly larger market share. Changes in the last 18 months have created the potential for a new market cycle and further bitcoin gains.
Some old investing wisdom is to follow what the pros, or smart money, are doing. It's one reason myriad market participants worship at the altar of Warren Buffett.
News of Moody's downgrade of U.S. credit sent markets wobbling on Monday, with major equity indexes closing relatively flat after a volatile day of trading. Bitcoin prices fell before recovering while the U.S. dollar weakened and bond yields rose.
Bitcoin was born in 2008. It was the following year when it was initially used as a currency.
Bitcoin's historical cycle top indicators like Pi Cycle and MVRV show plenty of room to run higher for BTC returns. The broader ETF market now holds over 6% of total supply, yet BRRR has not benefited from that inflow. I continue to see BTC as a 'buy' following a technical breakout and a return of investor demand.
Bitcoin topped the $102,000-mark thanks to the US-UK trade deal and increasing institutional interest.
Dollar devaluation could have significant implications for currencies looking ahead, given its current status as the world reserve currency. As the dollar declined, it would give way for other currencies to rise in prominence globally, including bitcoin.