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The short answer is yes, the bull run is back due to the recent outperformance of Bitcoin (BTC). The recent introduction of institutional investors, large companies and hedge funds has significantly increased the demand for Bitcoin (BTC) and pushed its price to above $42,000. Furthermore, the dovish Fed signals of keeping relatively low interest rates for longer have also been an underlying catalyst for the latest BTC surge.
Looking into the future, if Bitcoin (BTC) continues to attract institutional investors and the Federal Reserve continues to keep interest rates low, it is likely that BTC will continue to surge and its value could reach above $50,000 before the end of 2021. Additionally, as the world becomes more comfortable with digital currencies and blockchain technology, the demand for Bitcoin (BTC) is expected to grow. Therefore, while prices may fluctuate in the short-term, it is likely that the long-term trend will be positive for BTC.