Big Bull Move in Bitcoin

The price of Bitcoin (BTC) has approximately doubled in 2023 YTD to ~$34,000. Another double or so from here would take it back to it’s all time high ~$69,000.  
 
Why are we seeing this impressive price action despite the immense challenges (FTX, etc.) BTC/crypto faced last year?  
 
Please watch this 6-minute CNBC clip which touches on some key catalysts for this bull move, including:
 
1) The resilience of BTC holders.  A (large) majority have not sold over the last 1-2 years.
 
2) The growing interest in BTC as a store of value given the backdrops of:
 

(a) ongoing concerns with endless quantitative easing and resulting high inflation
 
(b) the worst bear market for bonds in over 40 years 

 
3) Anticipated near-term approval of a spot ETF which would potentially drive many billions of new funds into BTC.  
 
BTC (cryptoassets) is a newer asset class that is not necessarily appropriate for everyone. That said, we have been helping some of our clients gain proper exposure to BTC since 2020 (and have had personal exposure since 2013).
 
All that said, we would welcome to opportunity to discuss BTC (cryptoassets) with you!  So, please feel free to reach out on this or anything else (click here).