Recently, Bitcoin has once again become a hot topic among investors. From just a few hundred dollars in 2013 to now soaring to tens of thousands, Bitcoin's price has astonishingly increased by 10,000% over the past decade! So, what forces propelled this super surge? Today, we're going to reveal the secrets behind Bitcoin's wealth password—the dual-drive of halving and ETFs, as well as the roadmap for restarting the bull market, allowing you to fully understand the latest dynamics of this market!

Bitcoin Halving: The Wealth Secret of Supply Scarcity

First and foremost, we must address Bitcoin's halving mechanism. What is halving? In simple terms, the mining reward for Bitcoin is halved, leading to a decrease in the supply of Bitcoin generated on the network. Since Bitcoin's inception, the mining reward has halved roughly every 210,000 blocks; currently, the reward stands at 6.25 Bitcoins and is expected to halve again to 3.125 Bitcoins in 2024.

This means that each halving event makes newly created Bitcoins more scarce, and scarcity has always been a driving force behind value. Historical data shows that after each halving, Bitcoin's price often experiences a wild surge. After halvings in 2012 and 2016, Bitcoin's price soared several times higher, and this trend was similarly validated following the 2020 halving. Thus, the upcoming halving in 2024 is undoubtedly an important catalyst for the market, potentially triggering a new bull market.

The Launch of ETFs: Accelerated Entry of Institutional Funds

In addition to the halving mechanism, another significant factor driving up Bitcoin's price is the launch of exchange-traded funds (ETFs). ETFs legalize and mainstream Bitcoin investment, especially when the U.S. Securities and Exchange Commission (SEC) approves Bitcoin ETFs, indicating that substantial institutional funds will flow into the market.

A Bitcoin ETF is a financial instrument that allows investors to purchase Bitcoin through the stock market without directly holding the asset. This lowers the investment threshold, attracting many traditional investors to this space. Since the beginning of this year, multiple countries have rolled out Bitcoin ETFs, and the market has responded enthusiastically with an astonishing influx of capital.

The entry of institutional investors not only supports Bitcoin's price but also enhances market confidence around it. As more investors seek diversified portfolios, Bitcoin's value position as digital gold will become even more pronounced.

Roadmap for Restarting the Bull Market

So, with the dual drive of halving and ETFs, what will the future bull market look like? We can analyze it from several perspectives:

Shifts in Market Sentiment
As more investors recognize Bitcoin's value, market sentiment will shift positively. Investors returning to the market will drive demand for Bitcoin upward, subsequently stimulating price increases.

Increased Trading Volume
Currently, Bitcoin's trading volume is steadily rising, whether in the spot market or the futures market. Healthy and active trading volumes typically indicate a robust market. Notably, the trading activity on major exchanges will serve as an important indicator for the bull market.

Continuous Development of Emerging Applications
With ongoing advancements in blockchain technology, various Bitcoin-based applications are proliferating. Bitcoin is evolving from merely an investment tool to being used in everyday payments and cross-border transactions, further boosting its circulation and adoption.

Improving Regulatory Environment
Countries are continually evolving their regulatory policies regarding cryptocurrency markets, increasingly recognizing and supporting the development of cryptocurrencies. A favorable policy environment guarantees Bitcoin's long-term value while enhancing investor confidence.

Conclusion

In conclusion, the remarkable 10,000% surge of Bitcoin over the past decade is attributable to the dual drives of the halving mechanism and ETFs. With the upcoming halving in 2024 and the introduction of more ETFs, this upcoming bull market is expected to present new investment opportunities. As investors, we need to stay updated on market dynamics and remain to technological and regulatory changes. In this opportunity-rich market, mastering the wealth secret could lead you to a windfall! I hope today's sharing is helpful to you, and I look forward to reading your thoughts and expectations in the comments section. Let's discuss together!