3 Reasons I See Bitcoin Moving Higher Still

Summary Bitcoin (BTC-USD) remains a compelling bull case within the broader market, offering diversification beyond strong-performing US ￰0￱ continues to serve as a speculative investment to balance a portfolio that includes non-US stocks, municipal bonds, and ￰1￱ skepticism, maintaining a 'buy' rating on BTC earlier in 2025 proved to be the right decision as performance has validated this ￰2￱ in traditional banking and government is another tailwind for BTC and other crypto ￰3￱ Thesis and Background The purpose of this article is to evaluate the broader market as a whole, with a particular focus on why I see a continued bull case for Bitcoin ( BTC-USD ).

This has been a speculative investment for me as my US equities holdings continue to grow in terms of overall allocation within my portfolio drive by their strong ￰4￱ balance this out, over time I have been building positions in non-US stocks, munis, gold, and, of course, ￰5￱ is not a new idea for me as it was highlighted earlier in 2025 (and many times before that). Back in May I suggested BTC's bull case was still ￰6￱ receiving some flack for that call , hindsight shows that giving the asset a "buy" rating was the correct move indeed: Performance Since Last Article (Seeking Alpha) Clearly this is a great return in the short ￰7￱ it is important to note that BTC is now sitting near its all-time-high, which may give some investors pause or at least a concern that a pullback may be near: BTC: 5 Year Chart (Google Finance) I would personally understand a feeling of general caution ￰8￱ is relatable given how high BTC has risen - and how ￰9￱ followers know I don't blindly pump investments I have suggested in the past as is so often seen on the internet.

BTC's run-up during this bull market could have some wanting to take profits and I wouldn't fault anyone for that line of thinking. However, I see more gains in the cards. I think the fundamental backstory that has propelled BTC higher remains in place ￰10￱ suggests there is room for it to run further still and I will discuss those factors in this ￰11￱ bottom-line is that I feel maintaining a "buy" rating on this asset is still the right call going ￰12￱ #1: Fall of the US Dollar Perhaps the strongest case for BTC right now is the weakness in the US dollar ( USD ). This has been helping to push commodities, metals, crypto (and stocks for that matter) to new ￰13￱ has been a fairly consistent trend this calendar year and actually accelerated after Q1: Value of USD (Morningstar) Since BTC is priced in USD, it stands to reason that a declining USD value is going to mean more USD's are required to purchase one ￰14￱ is indeed what has been happening - with some blips along the way - and investors in this space has been rewarded ￰15￱ good news for holders of BTC is that I anticipate further weakening in the year ￰16￱ Fed has already begun a rate cutting cycle and the Fed's "Dot Plot" suggests rates are going to fall further going into 2026: Fed Dot Plot (Federal Reserve) This is central to why I am keeping a bullish ￰17￱ USD's weakness has helped fuel BTC's rise and the weakness is not likely to reverse course any time ￰18￱ the Fed continues to cut rates, the USD is going to be "cheaper".

This bodes well for BTC and other crypto assets. Importantly, it is also true for other hard assets such as gold, silver, copper, oil, and many others, but the focus on this piece is BTC ￰19￱ #2: Trust In Government Has Eroded A second reason BTC has been so popular has to do with public ￰20￱ is the growing distrust in government, financial institutions, and the monetary system more ￰21￱ are beginning to become skeptics of fiat currency - both in the US and around the world - and this has opened the door for alternative forms of payment/currency like BTC to become popular. Importantly, this is not a "new" trend, but it is one that has accelerated in recent ￰22￱ with BTC's origination and adoption, we see that trust in the US government among US citizens has been in a downward spiral and has bottomed out in the past few years: Public Trust In Government Declining Over Time (Pew Research Center) What this is showing is the public's view of government to do the "right" thing, regardless of the circumstance, is quite ￰23￱ extends to the money supply because the government is in control of how tax dollars are spent (Congress) and monetary policy as a whole (the Federal Reserve).

Given how disgruntled the public is with these institutions, it should not be a surprise to see a rebellious asset like BTC rise in popularity. Furthermore, we should remember BTC is a global ￰24￱ sentiment in the US alone is not necessarily enough to drive its price ￰25￱ the "good" news is that distrust in financial institutions extends beyond our ￰26￱ are not exactly confident in their largest banks either: European Distrust of Financial Institutions (Edelman Smithfield) The conclusion I draw is that the trust element driving alternative currencies rise is as relevant today as it has been over the last ￰27￱ continue to lose confidence and faith in their elected leaders and financial institutions, which extends to those who control the money ￰28￱ this sentiment in place, it remains a catalyst to push assets like BTC higher ￰29￱ #3: Skeptics Have Shifted To Adoption My third point is how BTC has now become more ￰30￱ has been driven by large banks and platforms with legitimate standing in the financial industry allowing their clients to own and trade it, the creation of new products (such as ETFs) to track it, and seeing the leaders of these institutions having shifted their rhetoric with respect to BTC and crypto more broadly.

A classic example is JPMorgan Chase ( JPM ) CEO Jamie ￰31￱ readers may remember the following statement from 2024: "If you mean crypto like bitcoin, I've always said it's a ￰32￱ they think they're a currency, there's no hope for it. It's a Ponzi scheme.") This shift (in not such a long time period) helps to demonstrate how far we have come in terms of acceptance on this asset. Further, it isn't just "retail" investors driving up the price or getting ￰33￱ players, such as the State of Michigan Retirement System, have begun to make significant investments in the ￰34￱ fact, Michigan's retirement plan has invested $6.6 million in BTC alone, according to regulatory filings, which were reported by ￰35￱ I will reiterate it is this combination of both retail buyers and institutional buyers that are supporting higher ￰36￱ is a momentum play if I have ever seen ￰37￱ more ETFs come on to market, and the ones that are already in the market grow, custodians of BTC (and other crypto assets) have to buy more to legitimize their offerings to the ￰38￱ compounding effect is driving inflows into the ETFs that track BTC and helping to fuel prices gains throughout 2025: ETF Fund Flows (BTC and Ether) (Bloomberg) My takeaway is that the "herd" is just getting ￰39￱ trend has been clear since early May - buyers are pouring into crypto ￰40￱ my view it is a hard argument to make that this enthusiasm is going to reverse course any time ￰41￱ ETFs are gaining in popularity and the recent highs in Bitcoin are probably going to encourage more fresh buying as the masses will fear "missing out".

I simply view this movement into funds that track BTC as overwhelmingly positive for the asset and the broader ￰42￱ this trend accelerating, I see more gains ahead in the short-term. Bottom-Line BTC has been one of my best calls and that status continued with my bullish review in ￰43￱ then BTC has been a top-performing asset, outpacing the S&P 500 and many other ￰44￱ this review I laid out three key reasons I think more gains are ahead and I will be monitoring the asset carefully as we wrap up 2025. I would encourage my followers to give this idea some consideration at this time.