Bitcoin, will it really break $1.3 million?..."Washington whales are secretly accumulating"

▲ Bitcoin (BTC) rise / AI-generated image

Bitcoin (BTC) is poised to enter a strong upward cycle, driven by the dual tailwinds of political capital inflow and changes in the macroeconomic environment.

According to a video released on April 19 (local time) by the crypto-focused YouTube channel Altcoin Daily, there are indications that Washington political figures are accumulating Bitcoin spot ETFs. Representative Sherry Biggs recently purchased Bitcoin worth up to $250,000, suggesting the possibility of a market bottom. Fundstrat co-founder Tom Lee predicted that if Bitcoin reaches $250,000, Ethereum (ETH) could rise to $62,000.

The expected rise of Ethereum is attributed to the combination of real-world asset tokenization and agentic AI. Lee cited past instances where Ethereum surged by tens of multiples in certain cycles, emphasizing the possibility that it is currently entering a similar early stage of structural growth. As digital assetization expands, if AI-based services utilize blockchain for micro-payments and authentication processes, Ethereum's utility is expected to further increase.

Even more aggressive forecasts have been made regarding Bitcoin's long-term value. Matt Hougan, Chief Investment Officer at Bitwise, predicted that Bitcoin's role would grow as global currency system uncertainties expand. He analyzed that while the number of high-net-worth individuals worldwide is rapidly increasing, Bitcoin's supply is limited to 21 million, making its scarcity a factor in price appreciation.

The macroeconomic environment is also developing favorably for Bitcoin. Jordi Visser explained that a negative real interest rate environment has formed where the Consumer Price Index (CPI) surpasses short-term interest rates. This environment has historically been a period of significant expansion in Bitcoin returns. In terms of technical indicators, a weekly golden cross of the Moving Average Convergence Divergence (MACD) is also supporting the upward trend.

Meanwhile, the fate of the US cryptocurrency market structure bill (CLARITY) is also considered a variable. Senator Kevin Cramer is pushing for legislation by coordinating key issues such as stablecoin revenue structures. While the bill's passage would likely accelerate institutional capital inflow, some in the market believe that technology-driven growth will continue regardless of regulation.

Bitcoin, based on its characteristic as an energy-based decentralized asset, is establishing itself as a store of value different from the existing financial system, and its influence is expected to further expand amidst future changes in the global financial order.

*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.*