Bitcoin is experiencing a bullish sentiment, with multiple analysts suggesting that the cryptocurrency has reached its local bottom. Predictions indicate that Bitcoin could rise significantly, with some forecasts suggesting prices could reach $120,000 or even multiple millions in the coming years. Coinbase CEO Brian Armstrong emphasized the growing institutional adoption of Bitcoin, attributing this trend to the inflow from exchange-traded funds (ETFs) and the potential for clearer legislation in the U.S. Meanwhile, the U.S. government is facing a severe debt crisis, with a record $1.15 trillion deficit recorded in the first five months of Fiscal Year 2025. This deficit surpasses previous fiscal shocks and raises concerns about the sustainability of U.S. debt, which includes an interest expense projected to reach $1.2 trillion in 2024, exceeding military spending. Analysts note that the rising money supply, which grew 3.9% year-over-year, could further fuel inflation and asset prices, including Bitcoin.