Cryptocurrency analyst Kaleo predicts a significant Bitcoin rally, drawing parallels to past cycles where Bitcoin surged following stock market recoveries. With the S&P 500 approaching record highs, Kaleo suggests Bitcoin could outperform equities, driven by new demand from spot Bitcoin ETFs and increased adoption by entities like El Salvador and Tesla. The analyst also cites advancements in decentralized applications and favorable US regulations as factors supporting a bullish Bitcoin outlook. Currently, Bitcoin trades at $104,143, a 7% decline from its recent peak.