According to a recent tweet by crypto analyst Joe Burnett, banks are failing, and over 67% of all Bitcoin (BTC) has not moved in more than a year. Burnett believes that this sets the stage for a parabolic bull run unlike any other, signaling the arrival of hyperbitcoinization. Despite the growing regulatory challenges, increasing investor scrutiny, and the ongoing market volatility, the enthusiasm for Bitcoin among investors and experts continues to be strong.
Banks are failing, and a record high 67.7% of all BTC has not moved on over 1 year.
— Joe Burnett (🔑)³ (@IIICapital) March 13, 2023
The stage is set for a parabolic bull run unlike any other.
Hyperbitcoinization is here. pic.twitter.com/DkCseaVzyS
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