Bitcoin (BTC) looks like it might be starting off a bull run as it has gained 2.57% over the last 24 hours and is still climbing.

The cryptocurrency token is at $63,043 (BTC/USD) for Friday morning, gearing up for a potentially great weekend of trading. The trade volume for Bitcoin is about flat with the previous day, but that is still $24 billion in trade every 24 hours, which means the coin is doing just fine.

Bitcoin may have received a small helping hand from presidential hopeful Donald Trump who talked up cryptocurrency this week and said he would be accepting campaign donations in crypto. Robert F. Kennedy, who is also running for President has made positive statements about crypto recently as well, accepting campaign donations in decentralized currency and talking about his future government plans for crypto.

Over the past week, Bitcoin took a dive, falling as low as $60,782 recently, but it has gained nearly 4% over the week. That is great progress for the coin that has had so much trouble lately to even retain any gains it makes.

Is Bitcoin Turning around?

The fear is that Bitcoin’s surge will be very short-lived. We have seen the coin struggle to keep its gains week after week, making small progress and then losing it as inflation fears keep the crypto industry down.

Bitcoin might start a bullish run here that could extend for several days, but the recent performance of this coin and the fact that inflation is still high with no sign of slowing down- all of that leads us to believe that Bitcoin may not stay high for long.

Those looking for a good time to invest in Bitcoin should probably hold off. It is likely that the coin will dip again in the near future, and that would be a better opportunity to buy up bitcoins.