Bitcoin: Adoption Triggers Drive Next Cycle, Yakes Says

Michaël van de Poppe highlighted Eric Yakes' view that the prior cycle's rally stemmed from the largest financial institution marketing Bitcoin, giving risk-averse managers permission to allocate via the ETF structure rather than raw inflows alone.

Yakes, author of Bitcoin and the Monetary Revolution, stressed that every major advance required a tangible driver and that the next one will likewise depend on fresh adoption milestones such as banks accepting Bitcoin as loan collateral or further regulatory clarity. He dismissed power-law narratives and cycle charts, focusing instead on Bitcoin's role as the scarcest liquid asset storable on a thumb drive and its declining volatility relative to the Magnificent 7.

Bitcoin sits at $77482.57 inside its Bollinger Bands on the 4h chart, with price pressing the lower band near $76903 while the EMA50 at $80321 and EMA200 at $81494 act as stacked resistance; the MACD death cross at -802.79 confirms bearish momentum even as RSI at 35 leaves room for a relief bounce toward the 50-EMA before any sustained continuation.