Bitcoin Surges as Banks and Crypto Find Common Ground

Key Points

1. Bitcoin's price has reached $117,807, marking a significant milestone in the current bull market.

2. Lark Davis highlights key differences between the 2021 and 2025 bull markets, such as the absence of spot ETFs and institutional involvement in 2021 compared to their presence now.

3. The agreement between JPMorgan and Coinbase allows Chase customers to convert credit card points into crypto at a 1:1 ratio, a first for major credit card rewards programs.

4. Potential interest rate cuts in September could further impact Bitcoin's price and market dynamics.

5. The article notes the increased institutional and public company participation in Bitcoin, contrasting with the limited involvement in 2021.