Core Insights - Bitcoin has surged 4.3% since Friday, driven by three significant catalysts [1] - The performance of the U.S. dollar against global securities is a major macro catalyst influencing Bitcoin's value [5][6] - Developments from a group of developers known as "Core" are enhancing Bitcoin's software capabilities, potentially increasing adoption [7] - The Bitcoin-to-gold ratio is a critical metric, with its recent decline suggesting a potential convergence that may strengthen Bitcoin's position as a safe haven asset [8] Macro Factors - The U.S. dollar's decline relative to global currencies is expected to increase Bitcoin's value over time [5] - Competing factors affecting the dollar include potential positive outcomes from China/U.S. talks and Federal Reserve interest rate cuts [6] Token-Specific Catalysts - The "Core" developers' plans to enhance Bitcoin's blockchain software could lead to increased real-world use cases and adoption [7] - The current state of the Bitcoin-to-gold ratio indicates a historical low, which may become relevant for investors seeking safe havens [8]