Bitcoin (BTC) Price Aims for $52k Amid Heightened Whale Buying Pressure 

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Bitcoin (BTC) has continued to showcase its potential to become the global reserve asset and currency against major global currencies like the United States dollar and the Euro.

While most global central banks are constantly devaluing their respective currencies through poor monetary policies, Bitcoin is preparing for the fourth halving, which will reduce the annual inflation below 1 percent amid the rising demand.

As a result, it is safe to assume that Bitcoin’s macro bulls are in control and a new all-time high (ATH) against the US dollar, among other fiat currencies, is inevitable in the near term.

As major stock market indexes – including the S&P500 and the NASDAQ – rally to their respective ATH, more investors are rushing to speculate on digital assets led by Bitcoin. Furthermore, institutional investors’ high adoption of Bitcoin has significantly increased the correlation between the stock market and digital assets.

Also Read: Bitcoin Pre-Halving Rally Begins Now: Some Believe BTC Price May Reach $50,000 This Month