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Bitcoin Soars to New All-Time Highs

The Bitcoin Boom: Insights and Predictions

Bitcoin has reached new all-time highs, trading just shy of $90,000 yesterday after breaching $88,000 the day prior. This meteoric rise has caught many by surprise, but Pina Pompano saw it coming.

"I told you so!" exclaimed Pompano. "I talked about how the halving occurred earlier this year, and for about 6 months we go sideways, and then this thing wakes up and up we go. And guess what, that's exactly what happened."

Pompano's prediction was based on the historical market cycles of Bitcoin. He noted that it typically takes about 6 months for the supply shock of the halving to work its way out, and then demand starts to increase towards the end of the year. This overlay with easing monetary policy has fueled Bitcoin's surge.

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