These three catalysts will help Bitcoin break $122K

Key Points

1. Record global money supply growth is a significant tailwind for Bitcoin, with the M2 supply across the 21 largest central banks reaching $55.5 trillion in July.

2. Spot Bitcoin ETFs could soon surpass gold holdings, potentially boosting Bitcoin's reserve-asset status; currently, they hold $150 billion compared to gold's $198 billion.

3. Regulatory changes allowing Bitcoin in 401(k) retirement accounts could unlock trillions in retirement capital for Bitcoin, according to industry experts.

4. Bitcoin's price last traded at $120,000 on July 23, with analysts expecting it to surpass gold's $23 trillion market capitalization in the future.

5. Despite Bitcoin's 116% gains over the past year, retail investor excitement remains low, with crypto apps like Coinbase and Robinhood outside the top-10 in US finance app rankings.