Amidst a lukewarm global economic climate, Bitcoin continues to be viewed by many as a beacon of financial stability, believed to eventually embody an economic "North Star."

Despite challenges or short-term setbacks, Bitcoin is poised to solidify its status as "digital gold" throughout the year.

It has shown resilience, particularly noticeable in March 2023, when it maintained its stability amid a banking crisis that had the potential to destabilise many traditional assets, possibly even overtaking gold in terms of reliability.

However, the much-anticipated large-scale institutional investment in Bitcoin hasn't sparked the market fireworks some were expecting.

Furthermore, the U.S. Securities and Exchange Commission's (SEC) grudging acceptance of Bitcoin and cryptocurrencies hasn't been met with the enthusiastic response that some within the crypto space might have hoped for.