Odaily Planet Daily News Matrixport released a weekly report, which pointed out that there are multiple potential threats that may undermine the current Bitcoin bull market. One notable concern comes from BlackRock, which said there is "no guarantee" that Bitcoin's 21 million supply cap will remain unchanged due to the decentralized nature of the Bitcoin protocol. Some of the latest developments, such as Google announcing its The quantum chip with 105 qubits has once again triggered discussions about the potential long-term threat of quantum computing to the security of Bitcoin. While this technology is still in its infancy and lacks the scale and stability to directly undermine Bitcoin’s cryptographic defenses, the theoretical risks are worth paying attention to. Fed members have recently raised their inflation expectations. The change is driven more by political considerations than by factors such as economic growth or supply bottlenecks, as was the case during the COVID crisis. Specifically, concerns that Trump may impose additional tariffs - which economists generally view as inflationary - appear to be weighing on their expectations. However, during Trump’s first term, these tariffs had only a minimal impact on inflation. That suggests the Fed's inflation expectations may not be entirely consistent with current economic realities, which could create room for flexibility in setting policy in the coming year. Based on past experience, Bitcoin bull markets tend to peak when regulatory pressure reaches a critical point. With most of the regulatory unresolved issues appearing to be resolved, marked by the SEC’s approval of a Bitcoin spot ETF, the risk of this Bitcoin bull run ending may depend on other factors.