CZ Says Governments Are Buying Bitcoin as Breakout Signals Major Rally Ahead

Key Points

1. CZ mentioned during a closed-door discussion that many countries are buying Bitcoin for their reserves, emphasizing that delaying such purchases could lead to higher costs.

2. The U.S. reportedly holds around 200,000 BTC, which is prompting other countries to act.

3. A fresh breakout pattern on Bitcoin's chart resembles a previous breakout from late 2023, which led to a sustained rally post-FTX collapse.

4. Historical fear-driven events, such as tariffs and war fears, have previously compressed Bitcoin's price before significant breakouts and rallies.

5. The current breakout structure suggests Bitcoin may be poised for a bullish reversal, similar to past trends.