Bank of America Declares BTC Top Currency: Is Institutional Buying Rising?

Bank of America Declares BTC Top Currency: Is Institutional Buying Rising?
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bitcoin Declared Best-Performing Currency of 2025 by Bank of America

bitcoin Surges Ahead of Traditional Currencies

Bank of America has officially recognized bitcoin as the top-performing currency for 2025, marking a significant milestone in the cryptocurrency’s path toward mainstream financial acceptance. This endorsement from the $1.6 trillion banking powerhouse comes as Wall Street increasingly acknowledges bitcoin‘s growing influence.

According to the bank’s “Cross-Asset Winners & Losers” report released on July 9, bitcoin has achieved an impressive 18.2% gain year-to-date, significantly outperforming traditional safe-haven currencies such as the Swedish krona, Swiss franc, and euro. In stark contrast, the US dollar has seen a decline of 10.1% since the beginning of the year, placing it at the bottom of the 14 asset classes tracked.

Institutional Support Fuels bitcoin‘s Rise

This institutional validation coincides with bitcoin reaching new all-time highs, recently surpassing $118,856, driven by substantial buying interest from spot ETFs and corporate treasuries. Notably, US-based bitcoin ETFs experienced over $1 billion in daily inflows for two consecutive days, a first since their launch in January 2024. BlackRock’s IBIT alone attracted $953 million in a single day, contributing to a total ETF asset pool exceeding $140 billion.

The surge in bitcoin‘s value aligns with President Trump’s social media remarks about the cryptocurrency’s rapid ascent, prompting significant repositioning among institutional investors.

Technical Analysis Points to Continued Growth

Given the current market dynamics, bitcoin appears poised for further growth, with projections suggesting a potential rise to $150,000 and beyond. Technical analysis indicates a substantial cup and handle formation across various timeframes, with the largest pattern forming between the $60,000 and $110,000 range. Historical patterns show that previous formations in the $25,000-$30,000 and $50,000-$70,000 ranges led to explosive price increases.

Additionally, a comparison with gold reveals similar accumulation patterns, as bitcoin has recently tested resistance levels around $106,500 before breaking through the $118,000 mark. This methodical accumulation suggests that institutional players are strategically building positions without causing significant market disruptions.

Supply Dynamics Indicate Future Price Increases

Data on exchange reserves further supports the notion of a supply shock driving bitcoin‘s price upward. The amount of bitcoin held on exchanges has dramatically decreased from 3.25 million to 2.55 million BTC, representing a withdrawal of nearly 700,000 BTC from the market. This withdrawal accounts for 3.3% of bitcoin‘s circulating supply, indicating a trend toward long-term storage.

The current RSI level of 73.56 suggests overbought conditions, reminiscent of late May when bitcoin stalled near $110,000. However, the ongoing institutional accumulation creates a different market environment compared to retail-driven rallies, implying that any pullbacks to the $110,000-$111,000 range would likely be quickly absorbed, paving the way for upward movements toward $120,000-$125,000.

Institutional Adoption Signals a New Supercycle

bitcoin‘s price cycle analysis indicates that the cryptocurrency is currently in Wave 5 of a larger supercycle, driven by institutional and sovereign adoption rather than retail speculation. Unlike previous cycles influenced by halving events and retail enthusiasm, this phase is characterized by strategic allocations from entities planning to hold for at least 20 years.

The potential for sovereign wealth funds and central banks to enter the bitcoin market represents a significant shift, as these entities control some of the largest capital pools globally. Their participation could dwarf previous waves of institutional adoption.

Market Predictions and Future Outlook

Current market predictions suggest an 80% probability of bitcoin reaching $120,000 by the end of the month, with a 92% likelihood of achieving this milestone before the year’s conclusion. President Trump’s proposal for a substantial 300 basis point interest rate cut could create favorable conditions for bitcoin‘s continued rise, as it would likely lead to significant dollar debasement and drive institutional investment into non-sovereign assets.

Historical analyses indicate that such monetary expansions could result in dramatic asset price inflation, positioning bitcoin as a primary beneficiary of ongoing currency depreciation. The combination of favorable policies and accelerating institutional adoption suggests that bitcoin could reach between $150,000 and $200,000 as traditional resistance levels become less relevant.

BTC Hyper: Enhancing bitcoin‘s Utility

As bitcoin approaches new heights, challenges related to transaction speed and fees become more pronounced for investors looking to maximize their holdings’ utility. BTC Hyper emerges as an innovative solution, offering a Layer-2 scaling platform built on the Solana Virtual Machine. This platform facilitates instant and cost-effective bitcoin transactions while unlocking DeFi opportunities that were previously unavailable to bitcoin holders.

The presale for the $HYPER token has already raised over $2.5 million, providing early investors with attractive APY staking rewards ahead of the mainnet launch scheduled for Q3/Q4 2025. Unlike traditional bitcoin investments, BTC Hyper allows users to bridge their bitcoin holdings and access DeFi platforms, NFT marketplaces, and gaming applications seamlessly.

With the mainnet deployment set for late 2025, BTC Hyper is strategically positioned to capitalize on bitcoin‘s wave of institutional adoption. Early adopters can purchase $HYPER tokens using ETH, USDT, or BNB through various platforms, with major exchange listings anticipated following the mainnet launch.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

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