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▲ Bitcoin (BTC)/ChatGPT Generated Image
A forecast has emerged that Bitcoin (BTC) will enter the largest bull market of our lifetime over the next 24 months, propelled by overwhelming accumulation by institutional investors and a stable macroeconomic environment.
Crypto analyst Lark Davis emphasized in a video uploaded to his YouTube channel on April 22 (local time) that the next 18 to 24 months will be a crucial golden age for wealth creation. Citing analysis by financial expert Tom Lee, Davis predicted that the current upward cycle, which began in 2023, would peak around 2028. Currently, the price-to-earnings ratios of major technology companies remain at very normal levels compared to the dot-com bubble era, indicating ample room for further market growth.
Geopolitical risks are also factors increasing market volatility, but the actions of former U.S. President Donald Trump are acting as a buffer. Trump extended the ceasefire with Iran, temporarily suppressing military tensions. Although peace negotiations are facing difficulties due to internal leadership divisions in Iran, leading to unstable oil prices, the market is avoiding the worst-case scenario and consolidating its energy. Amidst this uncertainty, as the parabolic rise of safe-haven gold concludes, liquidity in the asset market is once again shifting towards virtual assets.
From a technical analysis perspective, Bitcoin is currently facing a resistance zone around $78,300. With signs indicating a shift back to Bitcoin dominance in the Bitcoin-to-gold ratio, a decisive daily close above $79,000 would likely signal entry into a new upward trajectory. Notably, companies like Strategy are accumulating approximately 60 times more Bitcoin compared to the 2022 bear market, providing strong evidence for market downside rigidity.
Davis pointed out that the stock market has significantly outperformed altcoins over the past year, emphasizing the efficiency of investment portfolios. The analysis suggests that increasing the proportion of major stocks such as Nvidia, Tesla, and Micron Technology has been an effective strategy, driven by the surge in demand for artificial intelligence (AI) and data centers. Micron Technology, in particular, holds the potential to rise to $800-$1,000 in the future, and the expanded cooperation between Anthropic and Amazon supports this memory demand.
The virtual asset market has entered a phase where it proves institutional trust and real technological value, moving beyond mere speculative bets on memecoins. Fund inflows through Bitcoin spot ETFs remain robust, and macroeconomic indicators are also creating a favorable environment for risk assets. Investors are focusing on the market's fundamentals—namely, real computational device demand and institutional buying—rather than reacting to short-term volatility, as they prepare for the peak of the upcoming bull market.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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