Bitcoin has been on a wild ride, surging over 100% in 2023. But is it all about that elusive spot ETF approval? Not quite!

Several factors are fueling this rally:

1 Demand for Bitcoin as a safe-haven asset amid global turmoil.

2 Record government spending and rising

debt levels.

3 Constrained supply - 70% hasn't moved in

a year!

4 Banking crises in the U.S. and China

making people turn to crypto. 5 Uncorrelated asset, perfect for

diversification.

Even though ETF hype fizzled, Bitcoin is shining!