As May comes to an end, Bitcoin (BTC) continues to hold strong above the $110,000 mark. While recent minor dips have occurred, analysts remain optimistic about Bitcoin’s bullish momentum, attributing it to factors such as expanding DeFi applications, institutional investment, and positive market sentiment.
This upward trend is further supported by notable events such as Trump Media’s planned $3 billion crypto strategy, which aims to utilize Bitcoin prominently. This initiative from a politically affiliated entity signals growing confidence in BTC’s potential as a strategic asset. 2025 saw continued support for Bitcoin from Republicans, potentially influencing broader retail and institutional interest in the U.S.
Thailand is also leading the charge in Bitcoin adoption, pushing forward with regulatory clarity for crypto payments and increased tax incentives for traders. This stance positions Thailand as one of the most BTC-friendly countries, contributing to its positive outlook on Bitcoin’s global use case in remittances, e-commerce, and wealth protection.
The U.S. is also making significant progress, with North Carolina considering legislation allowing up to 5% of its $127 billion pension fund to be invested in digital assets, including Bitcoin ETFs. This could pave the way for other states to follow suit, giving Bitcoin further legitimacy and institutional backing.
Major players like Fidelity and BlackRock have also increased their Bitcoin ETF holdings, adding pressure to Bitcoin’s supply and validating its long-term investment potential. Meanwhile, recent research from Google raises concerns about quantum computing impacting Bitcoin encryption, sparking debate around securing the blockchain in the future. Although this issue is still theoretical, it may influence Bitcoin development narratives in 2026.
Looking ahead, technical analysts remain optimistic about Bitcoin’s short-term potential for a breakout above its current ATH of $111,970.17 before the end of May. Key indicators suggest a positive outlook with support at around $107,000. Institutional buying and a growing global market presence have propelled Bitcoin to a strong position.
Despite short-term fluctuations, Bitcoin’s bullish fundamentals remain robust, driven by political endorsements, policy support from countries like Thailand and the U.S., institutional investment, and conversations surrounding secure blockchain technology.