Moreover, the total crypto market cap is now worth more than all the silver in the world.

After a 4.7% rally for the five days ending Sunday, Bitcoin price is humming right along at the $37,100 level. The world’s original cryptocurrency is trading 38% higher than six months ago. But it’s up even more YTD, with an astounding 123% gain over an average exchange price of $16,600 on January 1.

With the Bitcoin market cap in excess of $725 billion, the leading cryptocurrency is now capitalized at 55% of the value of all the silver in the world at today’s spot prices. Furthermore, the total crypto market cap swelling past $1.47 trillion has overtaken the global silver market cap estimated at $1.255 trillion.

Here are three big reasons for Bitcoin’s energetic surge into a cryptocurrency spring.

Bitcoin’s Deflationary Halving in April

Bitcoin is a deflationary currency.

The seminal cryptocurrency was intentionally designed that way when it was first revealed on Oct 31, 2008. The US dollar has an adjustable rate of inflation. Bitcoin has a fixed rate of deflation.

Every previous halving has resulted in an extended bull market lasting for several months afterward. That will likely continue this year’s growth in Bitcoin market cap until it overtakes silver all on its own as it did during the bull run in 2021 two years ago.

SEC Likely to Approve a Spot Bitcoin ETF

New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *CO