Bitcoin price exceeded 123,000 dollars, a new era has begun.

As Bitcoin (BTC) price gains momentum and surpasses $123,000, this rise presents a different narrative compared to previous bull cycles. Starting October strong, Bitcoin rose approximately 15% over the week and quickly approached its all-time high of $124,500. Just last weekend, Bitcoin was trading below $110,000, but managed to attract investors' interest once again.

Historically, the last quarter of the year has been profitable for Bitcoin. However, what makes this year's increase special is the acceleration of institutional purchases and the rise in demand for hard assets. Economist Noelle Acheson states that the current rally cannot be explained solely by market enthusiasm. According to Acheson, the depreciation of global currencies and rising geopolitical risks are driving investors away from traditional reserves and toward Bitcoin. She notes, 'We have not seen such a deep global value erosion in previous cycles,' emphasizing that the current movement is based on structural fundamentals.

Recent ETF inflows and major funds' position increases elevate this rally beyond just a simple price bounce. Analysts believe that unlike the volatility created by short-term traders, this movement could signal a long-term shift. FOMO (fear of missing out) regarding Bitcoin is back on the agenda, but this time the rules of the game have changed. Acheson states, 'This wave will be strengthened by a combination of both old and new dynamics.' Bitcoin’s robust entry into the last quarter of the year indicates that investors are regaining confidence and suggests that new records could be inevitable by the end of 2025.