The 6 Biggest Fish in This Year’s Bitcoin Bull Run

Bitcoin didn’t enjoy February, even though it’s historically a highly bullish month, and the beginning of March isn’t all that promising price-wise.

However, the landscape can change in an instant and here are several factors that could lead to that improvement.

Crypto Winter or Just a Dip?

Nevertheless, this may just be a short-term dip while investors adjust to the new realities as the US changes regimes to an aggressively pro-reform administration.

Financial markets are like baseball: “It isn’t over until it’s over.”

Some of the biggest winners over previous years in blockchain investing, like Ark Invest’s Cathy Wood, say this long-term Bitcoin bull run is far from over for BTC markets.

In Wood’s most bullish scenario, Bitcoin will rise to $650,000 by 2030. That would represent a gain of over 600% and an average annualized ROI of around 130%.

Compare that to the S&P 500 Index, which has historically earned an average yearly ROI of 10% over similar timespans since 1957. There’s no wonder why these markets are extremely attractive to investors.

You may also like:

• Trump Cancels Greenland Tariffs, Bitcoin Volatility Spikes
• Bitcoin Price Reclaims $90K After Trump Rules Out Using Force Over Greenland
• Bitcoin Lost $8K in 2 Days but Whales and Sharks Continue to Accumulate

Meanwhile, Strategy Inc., the world’s largest Bitcoin treasury company led by ardent bull Michael Saylor, bought the dip with a recent announcement of a $2 billion BTC purchase. So, the smart money in this sector is holding on for dear life to a continuing rally for Bitcoin in 2025.

Six groups of key players in the Bitcoin market are powering the tectonic gravity of these high-velocity liquid markets for the Internet’s least volatile and most trusted automated currency this year.

6 Big Fish Powering Bitcoin’s Bull Run

These are the six biggest fish in the bull run Bitcoin analysts are counting on from the class-leading cryptocurrency in 2025:

• 1) President Trump and Congress – The Trump Administration is poised to be BTC’s biggest fish this year.
• 2) Institutional Financiers – Wall Street and industry leader BlackRock, Inc. are also hip to Bitcoin’s effects in the global financial ecosystem.
• 3) Several Sovereign States – As a result, several US states and sovereign world powers are following the Trump Administration’s lead in 2025.
• 4) Bitcoin Whale Investors – Meanwhile, anonymous Internet Bitcoin “whale” investors continue to accumulate BTC with a sense of urgency.
• 5) BTC Mining Companies – In addition, Bitcoin mining companies like Marathon Digital are heavily supported by investors on Wall Street.
• 6) Small Retail Investors – Retail Internet investors with 1 BTC or less remain insatiable in their appetite for dwindling BTC supplies.

Here are some important considerations for these core groups and their participation in Bitcoin markets this year:

1. Trump and Washington Republicans

The Trump trade from fiat assets to cryptocurrencies may seem short-lived at the moment, but it could just be getting started.

Low-conviction buyers without “diamond hands” may be selling off an overheated Trump victory rally. But the fundamental reasons for that rally remain in play.

Most importantly— Trump remains committed to establishing a national digital asset stockpile. In the most bullish scenario, the BITCOIN Act, sponsored by Sen. Cynthia Lummis (R-WY), would mandate the US government to buy and secure 1 billion BTC.

Trump indeed signed an executive order on this on Thursday, which is focused only on bitcoin. It reads that the country will not sell any of its 200,000 confiscated BTC, but will not purchase new BTC, at least for now.

2. BlackRock, Hedge Funds, and Wall St. ETFs

Crypto ETFs may be bailing out of Bitcoin at the moment, but it’s necessarily not on account of their view of the asset class. Stocks fell markedly over the same period.

Wall Street is skittering from the reality of the new White House’s trade war. Meanwhile, Mr. Trump’s imminently consequential first month in office has been spectacular and distracting for financial markets.

But that doesn’t mean Manhattan isn’t serious about cryptocurrency’s unstoppable new role in the global financial ecosystem. Every time the Federal Reserve gooses the dollar supply, crypto markets punch above their weight against stocks at absorbing the rising tide.

In a late January interview, BlackRock CEO Larry Fink said Bitcoin’s price could go to $700,000. That was shortly after the largest asset manager in New York bought $600 million worth of BTC for its clients.

BLACKROCK IS BACK.

THEY JUST BOUGHT $600 MILLION OF BITCOIN, THEIR LARGEST BUY SO FAR THIS YEAR. pic.twitter.com/QLAm5eaik4

— Arkham (@arkham) January 22, 2025

Soon after that, BlackRock disclosed in an early February financial filing to the SEC that it had increased its ownership of Michael Saylor’s Strategy to 5%, with around 11.2 million shares captured.

3. El Salvador, Korea, and 16 US States

Following the lead of the US federal government in Washington, several US states and foreign sovereign nations are working on strategic coin reserves of their own.

“I think the world is moving to a bitcoin standard for money,” said Coinbase CEO Brian Armstrong in a recent interview at the World Economic Forum in Davos, Switzerland. “Any government who holds gold should also hold bitcoin as a reserve.”

El Salvador, led by pro-Bitcoin president Nayib Bukele, has been on the BTC bandwagon since 2021. In December, the Central American nation bought $1 million worth of BTC in defiance of IMF guidance to pull back.

At the beginning of February, some 16 states had proposed measures to establish state Bitcoin reserves. Although a few have already rejected the proposals, more than two dozen were actively working on making that a reality, according to BitcoinLaws.io, a website keeping track of state BTC reserve policies.

Not everyone in the cryptocurrency industry is happy about it. BitMEX founder Arthur Hayes warned in February that the government is apt to have a corrupting influence on the blockchain sector.

4. Anonymous Internet Bitcoin Whales

Long before Wall Street institutions and sovereign governments entered the cryptocurrency space, anonymous Internet BTC whales using the blockchain’s decentralized finance features have been an important factor in its price.

The overall data on this group’s trading activities so far in Q1 of 2025 have been very bullish.

According to data from CryptoQuant, the trend line of whale participation in Bitcoin inflows over total flows to large crypto exchanges has been steeply increasing since November. That indicates some of the smartest money in some of the sector’s deepest pockets has bullish designs for Bitcoin’s price in 2025.

5. Bitcoin Miners and BTC Mining Companies

Because of their cost-intensive business, which is very sensitive to changes in electricity prices as well as in crypto markets, Bitcoin miners are some of the smartest money in the blockchain sector.

Increases in hashrate, or the amount of applied, electricity-powered computational cycles to the entire network, correlate with support for market gains in BTC’s price.

Bitcoin’s hashrate continues to chart new historical record highs, according to data from BitInfoCharts. Meanwhile, in another very suggestive leading indicator for BTC prices in 2025, a study released this month reported that the mining industry has added 31,000 jobs to the US economy.

6. Retail Investors With 1 BTC or Less

Since mid-December, retail investors (≤1 $BTC) have been accumulating #Bitcoin at an accelerated pace, stacking an average of 10,627 BTC per day – 72% faster than the past year’s average (6,177 #BTC/day): https://t.co/K3Q9Dlu7jn pic.twitter.com/U0u6gIxXeB

— glassnode (@glassnode) February 7, 2025

Small Internet retail investors holding 1 BTC or less are also a major constituent of this market. They’re the guys on Coinbase, Robinhood, and Kraken stashing their spare dollars in cryptocurrency each pay period to dodge inflation.

According to data from Glassnode this month, small retail investors have been on a buying spree since December. In fact, they have been accumulating at a pace 72% faster than the average accumulation rate for 2024 for this group of 6,177 BTC per day.