Bitcoin has consolidated in recent weeks but the long-term upward trajectory of the world’s largest cryptocurrency by market cap remains intact, according to Adam Back – the chief executive of Blockstream.
Back attributes the recent pullback in BTC to profit-taking and is convinced that it’ll resume its rally in the coming weeks as Bitcoin is only “in the early stages of a bull market” at writing.
As Bitcoin continues to hit new milestones this year, it’s reasonable to believe that its peers, even from the meme coins space, including the recently launched Bitcoin Pepe, will benefit as well.
That’s because Bitcoin tends to set the overall direction for the crypto market at large.
BTC tailwinds that could benefit Bitcoin Pepe
Adam Back is bullish on Bitcoin as it’s seeing significant inflows from retail as well as institutional investors in 2025.
MicroStrategy and other BTC treasury companies continue to load up on the crypto king which further paints a rosy picture of what the future holds for Bitcoin.
On top of it, there have been talks of setting up strategic Bitcoin reserves globally.
“As soon as one of the bigger countries jump in, the others will feel forced to follow suit,” which would unlock unprecedented demand for BTC, as per the Blockstream executive.
That’s why the likes of Michael Saylor now see Bitcoin hitting $0.5 million in the near term and as much as $5.0 million in the long run.
Understandably, even if a fraction of that forecast plays out, it will likely prove to be a major tailwind for the crypto market, including Bitcoin Pepe.
You can learn more about this new meme coin on this link.
Presale signals bright future for Bitcoin Pepe
Bitcoin Pepe is marketing itself as the world’s first Bitcoin meme ICO and a project that’s building “Solana on Bitcoin”. That makes it a close relative of the crypto pioneer.
According to Adam Back, the BTC funds will eventually start to pull money out of the Gold ETFs – adding to the positive sentiment that may particularly benefit Bitcoin Pepe.
Investors should note that Bitcoin Pepe has already raised more than $2.8 million in the presale, indicating strong demand, which typically signals the future potential of a crypto asset.
If the meme coin is generating such buzz in the presale, imagine the kind of demand it may attract once it lists on a crypto exchange after the presale.
The subsequent greater access to Bitcoin Pepe will likely translate to a higher price in the medium to long term.
Interested in finding out more about Bitcoin Pepe before finalizing your decision to invest in it? Click here to visit its website now.
The post Bitcoin is in the ‘early stages of a bull market’: Here’s what it means for Bitcoin Pepe appeared first on Invezz
