Lark Davis highlights a dramatic surge in institutional interest driving Bitcoin’s rise. Companies like MicroStrategy are leading the charge, adding over 51,000 Bitcoin at an average price of $88,200. With nearly 2% of Bitcoin’s total supply, MicroStrategy plans to raise $1.75 billion to buy even more. Other major players, including Marathon Digital and Meta Planet, are increasing their reserves, while Bitcoin ETFs continue to attract massive inflows—$250 million in a single day.
Political Moves Signal Crypto’s Growing Influence
Davis emphasizes the political ripple effect. Former President Trump is reportedly exploring the acquisition of Bakkt, an institutional crypto platform. This move could grant him significant crypto licenses and cement crypto’s role in political strategies. Coinbase CEO Brian Armstrong’s recent meeting with Trump further underscores crypto’s penetration into high-level decision-making.
Market Predictions: A "Double Bubble" Ahead
Lark outlines a bullish market scenario, projecting a potential "double bubble" cycle. He foresees Bitcoin hitting $150K by early 2025 and possibly reaching $250K by the end of the year. This optimism stems from surging institutional adoption, mainstream recognition, and a market poised for explosive growth.
