#比特币披萨节# Bitcoin's market share may stabilize. Recently, JPMorgan analysts stated that driven by rising corporate demand and increasing support from various states in the U.S., Bitcoin's performance in the second half of this year may surpass that of gold. The analyst believes that Bitcoin's recent strong performance is not solely due to gold's weakness but is driven by multiple factors. For example, companies like Strategy (formerly MicroStrategy) and Metaplanet are increasing their Bitcoin Holdings, with Strategy planning to raise $84 billion by 2027 for Bitcoin purchases, having already achieved 32% of this goal. Meanwhile, some states in the U.S. are also beginning to incorporate Bitcoin into their reserve assets. New Hampshire currently allows up to 5% of state assets to be invested in Bitcoin and gold; Arizona is establishing a digital asset reserve while committing not to raise taxes. "As more and more U.S. states may incorporate Bitcoin into their strategic reserves, this could become a more sustainable Favourable Information catalyst for Bitcoin," the analyst wrote.

Arthur Hayes, co-founder of Bit, believes that the price of Bitcoin could rise nearly double from its current level in the coming weeks. "I think Bitcoin's price will reach $250,000 this year. Maybe this summer, the price of Bitcoin will rise to between $150,000 and $200,000, before a correction happens."
On May 17, according to Decrypt, Grayscale's research director Zach Pandl indicated that when the market focuses on macroeconomic instability and the risks facing the dollar, Bitcoin's dominance may rise; whereas when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline. Over the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall crypto market, without significant declines.