Bitcoin just blew past $99,000, and experts predict even bigger gains are coming. Let’s dive into what’s driving this surge and explore some exciting new crypto projects you might want to check out.
Bitcoin’s Bull Run: What’s Behind It?
Former BitMex CEO, Arthur Hayes, sees this Bitcoin rally mirroring a similar period from late 2022 to early 2025. He’s incredibly bullish, predicting Bitcoin could hit $150,000 by year’s end. He attributes the rally to market uncertainty and the US government’s response through money printing.
A key event, according to Hayes, was a temporary pause on tariffs announced by Trump in April. The mere rumor of this pause caused a massive, short-lived market swing, followed by a significant rebound after the official announcement.
But the story goes beyond just market instability. A series of pro-crypto events involving the US government played a significant role:
- July 31, 2024: Senator Lummis proposes a US Bitcoin reserve.
- November 5, 2024: Bitcoin jumps 10% as Trump’s victory becomes likely.
- December 6, 2024: Trump appoints a pro-crypto figure as an AI and crypto advisor.
- December 23, 2024: Bitcoin surpasses $100,000 for the first time.
- February 21, 2025: Trump names another pro-crypto individual as Secretary of Commerce.
- January 21, 2025: The SEC creates a new Crypto Task Force.
- January 23, 2025: A pro-crypto Senator heads a key Senate subcommittee on digital assets.
- March 6, 2025:
The White House establishes a Bitcoin reserve. - Q1 2025: The SEC drops several lawsuits against major crypto companies.
This wave of positive government actions created a perfect storm for Bitcoin’s price to explode. It’s also expected to boost other crypto projects.
Promising Altcoins to Consider
Here are a few altcoins gaining traction amidst the Bitcoin boom:
1. SUBBD ($SUBBD): AI-Powered Content Creation
SUBBD is an AI platform designed to automate content creation and management. It offers tools like an AI personal assistant, AI creator, and a creator academy. Its presale has already raised over $346,000, and the token currently trades at $0.05535. Staking offers a 20% APY.
2. BTC Bull Token ($BTCBULL): Meme Coin with Bitcoin Airdrops
BTC Bull Token is a meme coin that rewards holders with Bitcoin airdrops as Bitcoin hits certain price milestones ($150K, $200K, etc.). The developers also burn tokens as Bitcoin’s price rises. Its presale has raised over $5.4 million, and the token price is $0.0025. The staking reward is currently a high 76%. You need to use a specific wallet to receive airdrops.
3. Virtuals Protocol ($VIRTUAL): AI Agent Creation Hub
Virtuals Protocol lets users create and manage their own AI agents. After a period of stagnation, it experienced a massive price surge in late 2024, with gains exceeding 15,000%. Positive community sentiment and growing trading volume suggest continued potential.
Bitcoin’s Future: Will the Climb Continue?
All signs point to “yes.” Bitcoin’s recent performance is impressive, with significant gains over the past month and day. This positive momentum could lift other cryptocurrencies as well.
Disclaimer: This is not financial advice. Always do your own research (DYOR) and manage your risk carefully before investing in any cryptocurrency./p>