Let's first analyze how the bull market is formed:
Many people lament that the good times in the currency circle are gone and it is getting harder and harder to make money.
Why is this?
Let's first analyze how the bull market is formed:
If an investment product wants to rise, there must be funds to buy it.
Why does the funds buy it? It must be expected that it will rise.
And the funds bought it, and then it did rise, and the rise attracted more funds.
Then it rose higher and higher, and more and more funds came in, and the bull market was formed.
Why does it feel like a tongue twister?
Let's go back to the reason why funds bought it. Is there an expectation of rising?
Yes, the expectation that there will be a bull market in the currency circle every 4 years has been verified several times, and it can be said that a broad consensus has been formed.
Why must it be 4 years? This is because the reward for Bitcoin mining is halved every 4 years. Fewer coins are mined, which means that the supply is reduced. Assuming that the demand remains unchanged, the rise will become inevitable.