Bitcoin is experiencing renewed optimism, fueled by recent ETF inflows, the halving event, and endorsements from prominent figures, as investors seek safe-haven assets amidst growing economic uncertainty. The digital currency’s price just exploded. This increase reflects the unprecedented performance of gold, with both assets being seen as safe havens from a potentially weakening U.S. dollar and overall financial turmoil.

This rapid increase in Bitcoin’s price is part of a larger trend of investors flocking to alternative assets. Bitcoin’s recent return to the spotlight is particularly timely as the traditional global financial system faces an ever-deepening rose-colored reality.

ETF Inflows and Halving Event Boost Bitcoin

With the U.S.-listed Bitcoin ETF approval news coming down on April 17, crypto-linked equities caught a huge wave. Total net inflows surged to $106.9 million, the biggest inflow level in almost a month per Blockchain‘s data. This dramatic amount of capital serves as an indicator for the re-emergence of institutional interest in Bitcoin. They interpret this trend as a bullish response to the $74,000 top in March correction.

The upcoming Bitcoin halving event in April 2024 is proving to be another structural factor fueling optimism in the market. This event — called the “halving” — cuts in half the reward miners receive for successfully creating a new block. Consequently, it decreases the net daily creation of new Bitcoin and exerts inflationary pressure on prices.

Historical data supports this assumption. As can be seen, in each of the three preceding cycles, BTC prices exploded 6-12 months after every halving event. These trends have not gone unnoticed by institutional investors who expect continued price appreciation over the next few months.

Bitcoin as a Safe-Haven Asset

Bitcoin’s resurgence is definitely linked to its new-age safe-haven asset perception like gold. Robert Kiyosaki, author of "Rich Dad Poor Dad", has repeatedly emphasized Bitcoin's role as an "escape-from-the-system" asset, particularly in light of growing concerns about economic instability.

"A Great Depression is coming. Credit card debt, student loans, and national debt are exploding. Unemployment is rising, and pensions are going bankrupt. You should stock up on gold, silver, and Bitcoin before it’s too late." - Robert Kiyosaki

It’s a view that is striking a strong chord among investors who are becoming more fearful of fragile financial systems. The U.S. dollar is weakening, and gold – the traditional safe-haven asset – broke its previous record, reaching $3,384 per ounce on April 21, 2025, further solidifying the narrative of alternative assets as a store of value.

BTC.D retook 64% in mid-April. This was the largest amount since 2021 and indicated a significant return to “safe haven” assets in the crypto market. As investors look for safe-haven assets during increasing market volatility, Bitcoin is becoming the preferred option.

Price Predictions and Market Dynamics

The recent spike in Bitcoin’s price has sparked a lot of interest about what Bitcoin could be worth down the line. Cathie Wood, CEO of Ark Invest, has Bitcoin on their radar for an extremely bullish price target of $1.5 million by 2030. At the same time, Robert Kiyosaki is continuing on his Bitcoin $1 million by 2035 prediction.

The Bitcoin price surged sharply to the $87,000 level – its highest point in nearly a month – following a similar trajectory to gold. This price change has developed a very entrepreneurial market climate, with the opportunity for large profits as well as steep losses.

The short squeeze could trigger auto-buys and a sharp price spike if BTC breaks above $90,000, while a drop below $85,000 could spark a long liquidation cascade and drive prices down sharply within hours. We urge investors to be careful and vigilant in following ongoing market developments.