Bitcoin is entering an unprecedented phase, with its influence permeating global finance and politics like never before.

Host of CryptosRus, George Tung, recently highlighted the convergence of groundbreaking developments, including presidential candidates discussing bitcoin and its adoption as a strategic reserve asset.

"This is the first time in history," George Tung remarked. "Not only do we have presidential elections and candidates talking about bitcoin, this is the first time we're going to have bitcoin as a strategic reserve." He emphasized that bitcoin reserves on exchanges are dropping for the first time ever, signaling a significant supply shock. "If you discount everything else, you don't care about anything else, know that this is the only cycle so far that the reserve is going down," Tung said. "That means [a] supply shock is happening."

Tung noted the impact of institutional players and countries entering the market. "These guys are no joke," he stated. "They're starting to put all their money in, and we are dropping extremely quick." While optimistic about bitcoin's upward trajectory, he expressed caution about the rapid price increase. "If we just continue to skyrocket right now, it's just getting a little bit too nutty," George Tung commented. "I would like to see that consolidation right now."

Tung also discussed the role of whales and stablecoins in driving the market. "Whales are now using their stablecoins, there's no doubt about it. " Tung observed. " We have a $100 billion plus stablecoins that's been sitting on the sidelines, and people have been using them to buy random projects." He pointed out that this influx is leading to a resurgence in older altcoins, marking "The beginning signs of a mini altcoin season."