Recent trends in US Treasury funds, which saw a net inflow of $19 billion, highlight a significant shift in the global financial landscape, likely benefitting Bitcoin (BTC). The surge in inflows, the highest since March 2023, coincides with decreasing Treasury yields and an increase in gold reserves held by central banks, which have now reached 18%. This reflects a broader de-dollarization trend that historically positively impacts Bitcoin's price. During 2020, amid similar conditions, Bitcoin's price surged from $9,000 to $60,000. The current environment suggests similar potential for BTC amid stabilizing bond markets, even as foreign central banks reduce their Treasury holdings to a record low of 23%. However, a potential economic recession in 2025 could dampen Bitcoin's bullish narrative, as investors may favor traditional safe havens like cash or bonds over speculative assets. Currently, low search interest in Bitcoin indicates that institutional investors, rather than retail, are driving recent demand, marking a shift in market dynamics.

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