Despite the popular consensus that it was Trump, and his claims that the US government will use Bitcoin to wipe out its national debt by establishing a strategic Bitcoin reserve, this was not the reason for Bitcoin’s price action taking it from 54,000$ to 109,000$ from September to December 2024. This article will explore the real reasons for this price action, and will conclude by outlining the likely path to be taken by Bitcoin in the next 4 years.