As Bitcoin shows signs of regaining its early-year momentum, hedge fund managers are spotlighting its potential. Despite only a modest 11% increase for the year, Bitcoin has surged almost 25% in the past month.

The cryptocurrency is closing in on its all-time high of $109,000 achieved earlier this year, which has even drawn attention from skeptics. Fund managers are optimistic and suggesting that Bitcoin might be a strong buy heading into this market phase.

With the landscape shifting and the macroeconomic climate still uncertain, Bitcoin is demonstrating remarkable resilience that could pay off significantly for proactive investors.