$CME Bitcoin - main 2401(BTCmain)$ $Grayscale Bitcoin Trust (BTC)(GBTC)$ $Coinbase Global, Inc.(COIN)$ Bitcoin on it's road to recovery. Generally bullish, but few ffactors here to consider:

Macroeconomic:

Inflation rate coming down -> feds (hopefully) lowering interest rates -> increased liquidity in the market. More liquidity -> higher willingness and ability to spend and invest -> increased potential for price of Bitcoin and related stocks to rise. 

Markets also seen to be taking a risk on sentiment with crypto (and almost every other asset class (rip bonds). If this sentiment continues into 2024, with the volatility of crypto, as well as it hitting $45k recently, it is only a matter of time before it hits $50k. 

Regulatory:

Much talk has been going on regarding the regulatory approval of Bitcoin ETFs. With the SEC on the brink of granting the said approvals, many have been buying into Bitcoin and other crypto related assets, possibly contributing to the increase in total value of crypto assets. It remains to be seen if the markets have already fully priced in the approval of these ETFs, or if Bitcoin still has room to rally post approval. (Unless, of course, the market has overpriced the ETF approval, and it becomes a "sell the news" case).

Crypto environment:

Every 4 years, stars align, and Bitcoin block rewards halve. Bitcoin halving has always demonstrated to be a catalyst for a post halving rally over the past few cycles, and I don't see any reason as to why this cycle will be different, barring any macroeconomic or global black swan events. Even in 2020 at the height of the covid pandemic, Bitcoin rallied post halving, pulling the rest of the crypto market up with it. The question is thus not so much a matter of will Bitcoin go up, but as crypto traders usually say "wen moon?"

Of course, before dabbling in crypto, one must understand that value is defined by the price whereby the demand (people willing and able to pay that particular price) meets supply (people willing and able to sell at that particular price). Many people say that crypto has no intrinsic value, but if one sees the value in something, does that not mean that it is valuable (to that person that is). Very similar to gold, or forex, when buying into Bitcoin, one is buying into the universality of value created by demand and supply, with the fundamental value of the asset lying in the ecosystem behind it (and the consequent valuation of such ecosystem and owning a piece of it). It is my view that crypto has matured to a point whereby it is more or less accepted in most financial institutions. This makes crypto safer as a store of value, increasing the willingness of people (component of demand) to use/accumulate it. 

As usual, dyodd and trade safe! Can't emphasize this more, as crypto is an extremely volatile asset, with low regulatory oversight and dangers lurking at every corner! All the best! 

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