Bitcoin recorded its strongest weekly gain in dollars, with an increase of nearly 23% bringing the price back toward the $80,000 level and a gain of approximately $14,264 at the close of the week of August 23. Matt Cole, CEO of Strive, predicts that the next BTC cycle will be the most powerful ever observed, driven by two structural trends: sustained dollar depreciation and the growth of artificial intelligence which makes many resources increasingly abundant. In this context, Bitcoin’s programmed scarcity should allow it to establish itself as the primary asset in the scarcity trade, at the expense of precious metals. The crypto market sentiment has simultaneously shifted from fear to greed in just a few days, according to the Fear & Greed indicator.
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