Bitcoin (BTC) Bull Cycle Likely Until Mid-2025, Robert Kennedy F. Jr. Proposes Executive Order to Mandate the Daily Purchase of 550 BTC by the U.S. Government

Old whales take profits during bull markets. Their selling brings new capital into accumulation addresses, raising realized prices.

The current Bitcoin bull cycle is likely to continue until mid-2025, according to CryptoQuant CEO Ki Young Ju.

Historically, bull markets in Bitcoin have seen old whales cashing out their holdings, which usually shifts capital into new accumulation addresses and raises the realized price of Bitcoin. This profit-taking phase, which typically lasts for around 18 months, began four months ago in the present cycle.

Robert F. Kennedy Jr., an independent candidate in the U.S. presidential election, has proposed an executive order to mandate the daily purchase of 550 BTC by the U.S. government in order to build a reserve of 4 million BTC.

Moreover, there is speculation that former President Donald Trump will announce plans for the U.S. to acquire Bitcoin as a strategic reserve asset.

Bitcoin ETFs saw a significant uptick in inflows, with the 10 Bitcoin ETFs collectively attracting $535 million in inflows over the past week, according to data from Spot On Chain. This marks a notable increase compared to the previous week, which saw inflows of $266 million.

Out of the five trading days, positive flows were recorded on four days. However, this figure excludes data from the Valkyrie Bitcoin ETF (BRRR), which has experienced zero net flows over the past four days.

The combination of increased institutional interest and potential political support could further bolster Bitcoin’s market position, setting the stage for continued growth in the coming months.

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