🚨 Major Crypto Developments You Shouldn’t Ignore!

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📢 Cryptoquant CEO Explains Why The Bitcoin Bull Run Is Not Over

Predicting The Longest Bitcoin Bull Run In History

Ki Young Ju, in an X post, theorized that Bitcoin (BTC) will see an extensive price rally that could last till 2025. Currently, on-chain indicators are straddling the “bull-bear boundary” but Ju says a Bitcoin bull run is more than likely.

The Cryptoquant CEO hinges his claims on Bitcoin’s historic two-year cycles, arguing that April 2025 is a tentative end date. If his predictions are correct, the asset, the top cryptocurrency will record the longest Bitcoin bull run in history, sending prices to new highs.

“I expect this to be the longest bull run in history, but I could be wrong,” said Ju.

While the tell-tale signs of a Bitcoin bull run are sparse, Ju says that the next month will provide confirmation for market direction. Ju argues that a key metric to watch for is asset demand in the wake of institutional outflows from exchange-traded funds (ETF).

🏛 Texas Bitcoin Reserve Bill Advances to Senate After Committee Approval

Texas Bitcoin Reserve Bill Clears Committee, Moves to Senate Review

According to recent reports, the Texas Bitcoin Reserve Bill SB 21 has passed the Business and Commerce Committee. This marks a crucial step in the legislative process, allowing the bill to advance to the Senate for review. The bill will create a state-managed Bitcoin reserve, a move that aligns with increasing interest in Bitcoin adoption at the government level.

The approval from the committee signifies growing support for the proposal, which could enable Texas to establish a Bitcoin reserve. This development places Texas alongside other states considering similar measures to integrate Bitcoin into their financial strategies. If the Senate approves the bill, it could set a precedent for how state governments manage digital assets.

With the committee stage completed, the next phase involves a Senate review. The outcome of this decision will determine whether the bill progresses further in the legislative process.

Despite the development, Bitcoin adoption has faced challenges due to regulatory uncertainties and concerns over volatility. South Dakota lawmakers blocked HB 1202, halting the state’s plan to invest in Bitcoin for now. However, interest in Bitcoin reserves remains strong, with other states exploring similar proposals.