Bitcoin on the Brink: $110K Highs Looming?

Bitcoin, hailed as the modern "Swiss army knife" of assets, stands on the edge of smashing past the $110,000 threshold in May. A surge in institutional and retail interest propels a potential price explosion, signaled by its excellent Sharpe ratio of 1.72, almost rivalling gold. Since November 2024, Bitcoin has thrived whether markets are risky or cautious, acting like a savvy macro hedge. With increased "buyer dominant" market behavior and impending supply squeeze, Bitcoin's profile grows robust, showcasing a risk-adjusted return that legacy assets fail to match. Who needs fiat when you have Bitcoin trading like a pro surfer on never-ending waves of volatility?