Bitcoin demonstrates increasing maturity as a financial asset, evidenced by its price volatility reaching a 563-day low on April 30. According to Vetle, head of research at K33 Research, this decline suggests a more stable price trajectory for Bitcoin. Currently, Bitcoin ranks as the seventh-largest global asset with a market capitalization of $1.87 trillion, surpassing companies like Silver and Meta. Analysts from Bitfinex noted a significant reduction in exchange deposits, indicating less selling pressure and a shift toward custody behavior driven by conviction. Following substantial market activity, BitMEX co-founder Arthur Hayes has projected that Bitcoin could reach $1 million by 2028, citing aggressive monetary policy and increased institutional interest as catalysts. Hayes emphasized a bullish outlook in a keynote speech, aligning the coming potential price surge with expected US Treasury buybacks. ARK Invest CEO Cathie Wood echoed this sentiment, indicating that institutionalization of Bitcoin could further support its price growth. Overall, analysts are optimistic about Bitcoin's potential trajectory in the upcoming years.

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