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<p>As global markets face rising geopolitical tensions and surging energy prices, Bitcoin is positioned for a potential breakout. Record-breaking inflows into Bitcoin ETFs and increasing demand for safe-haven assets are setting the stage for a significant rally. According to Arthur Hayes, co-founder of BitMEX, Bitcoin could experience a bull run if oil and energy prices continue to rise.</p><h3 id="strong-middle-east-tensions-could-drive-bitcoin-higher-strong"><strong>Middle East Tensions Could Drive Bitcoin Higher</strong></h3><p><a href="https://icogemhunters.com/bitcoin-at-100k-how-middle-east-tensions-could-trigger-a-massive-price-surge/" rel="noopener noreferrer nofollow">Arthur Hayes</a> predicts that escalating conflict between Israel and Iran could significantly push Bitcoin prices higher. He explains that if oil and natural gas fields are disrupted, energy prices will surge. This increase, in turn, will likely elevate Bitcoin’s value against fiat currencies. Hayes describes Bitcoin as “stored energy in digital form,” suggesting that rising energy costs will make Bitcoin more valuable.</p><p>Drawing a parallel to the 1970s oil crisis, Hayes recalls how commodities like gold surged during periods of inflation. He believes Bitcoin, often referred to as “digital gold,” could see similar growth if the geopolitical tensions worsen. Given the current inflationary pressures, Bitcoin’s role as a hedge against currency devaluation becomes even more attractive to investors.</p><h3 id="strong-bitcoin-bears-anticipate-a-pullback-but-bulls-stay-confident-strong"><strong>Bitcoin Bears Anticipate a Pullback, But Bulls Stay Confident</strong></h3><p>Meanwhile, some analysts express caution. <a href="https://x.com/matthewhyland_" rel="noopener noreferrer nofollow">Matthew Hyland</a>, a well-known crypto analyst, argues that Bitcoin bears will only get excited if the price drops below $58,800. As Bitcoin remains above $67,000, a 12% decline would be necessary for bears to gain control.</p><p>On the other hand, Glassnode analyst James Check advises investors to be patient and avoid impulsive trades driven by fear. He reminds traders that price pullbacks are a normal part of the market cycle. With Bitcoin futures open interest reaching new all-time highs, the market is currently in a highly volatile phase. The Crypto Fear and Greed Index has entered “Greed” territory, reflecting strong bullish sentiment. However, Check warns that shakeouts are likely in the near term.</p><h3 id="strong-bitcoin-etfs-reach-record-65-billion-institutional-demand-soars-strong"><strong>Bitcoin ETFs Reach Record $65 Billion—Institutional Demand Soars</strong></h3><p>Institutional demand for Bitcoin has reached unprecedented levels. <a href="https://blockworks.co/bitcoin-etf" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> have now amassed total assets worth $65 billion, setting a new record. According to K33 Research, inflows into Bitcoin investment vehicles are on track to surpass Grayscale’s 2020 record. U.S.-based Bitcoin ETFs have already seen inflows exceeding 360,000 BTC, with net flows topping $20 billion.</p><p>This surge in Bitcoin ETFs is a key driver behind the current market momentum. Compared to gold ETFs, which took five years to reach similar inflows, Bitcoin’s rapid growth in institutional adoption is remarkable. Traders believe this demand could help break Bitcoin out of its seven-month consolidation phase.</p><h3 id="strong-is-bitcoin-gearing-up-for-a-bull-run-strong"><strong>Is Bitcoin Gearing Up for a Bull Run?</strong></h3><p>As Bitcoin bulls push the price higher and break through key resistance levels, many traders are hopeful that the next bull run is imminent. With rising energy prices, geopolitical instability, and increasing institutional demand, the conditions for Bitcoin’s growth are aligning. Bitcoin is now approaching the crucial $68,000 resistance level, and a successful breakout could lead to new all-time highs.</p><p>While short-term price fluctuations are expected, the long-term outlook for Bitcoin remains highly optimistic. If institutional inflows continue and global factors align, Bitcoin could achieve new record highs by the end of the year.</p><p><em><strong>Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.</em></p><p><em>Source: </em><a href="https://icogemhunters.com/is-bitcoin-ready-to-skyrocket-heres-why-energy-prices-and-geopolitics-could-be-the-catalyst/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Is Bitcoin Ready to Skyrocket? Here’s Why Energy Prices and Geopolitics Could Be the Catalyst

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