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Strive CEO Sees Strongest Bitcoin Cycle Ever Amid Dollar Weakness

Guavy AI Editorial Team
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BTC
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Bitcoin's recent surge has seen it reach a record $14,264 dollar-denominated weekly gain, closing at $77,387. According to Strive CEO Matt Cole, this momentum is a sign that Bitcoin is entering its strongest cycle yet.

Cole attributes the growth in part to dollar weakness and rising demand for scarce assets. He believes that as artificial intelligence makes other capabilities cheaper and easier to reproduce, investors will place a premium on assets with limited supply, such as Bitcoin, gold, and silver.

The Bitcoin-to-gold ratio has risen to 16.73 ounces of gold per Bitcoin, its highest level since May, according to Longtermtrends data. Cole sees this breakout against both the dollar and gold as a significant development, potentially leading to increased demand for BTC.

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