Bitcoin has been extremely popular in the past month, with prices soaring by 35% and breaking the 100,000 RMB mark, which is a significant event that many veteran investors have been eagerly awaiting.

For those who have already invested in Bitcoin, this is undoubtedly good news. However, for new investors looking to enter the market, this price trend may be quite tempting, fearing they might miss out on something. If you feel this way, don't rush; it may not be too late to invest in Bitcoin, but you need to understand a few things first.

Why can Bitcoin still rise?

At first glance, it seems Bitcoin has peaked, but historical data tells a different story. Bitcoin has a four-year cyclical pattern related to halving events. Halving refers to the reduction of mining rewards, which lowers Bitcoin's inflation rate, and historically, prices have surged after each halving.

We are now in the year leading up to the halving, also known as the 'production cut year.' Historically, this year, Bitcoin prices usually start to gain momentum, and significant increases often occur in the year following the halving, which will be in 2025.

Why is patience important?

Although Bitcoin may surge in 2025, new investors need to understand that the best opportunities often arise in the early stages of the cycle. With prices so high now, we may be close to the peak of this bull market. If history repeats itself, a bear market may follow, leading to a significant price drop.

Bitcoin prices are highly volatile, and short-term investments carry high risks, especially for new investors. Therefore, investing in Bitcoin requires a long-term perspective and an intention to hold for the long term.

Data shows that holding Bitcoin for at least six years has never yielded a return lower than 22%, and in most cases, the return rate is even higher. This is because the halving cycle of Bitcoin has a somewhat predictable effect; the longer you hold, the greater your chances of benefiting from the reduced supply.

What is Bitcoin's long-term potential?

Is it too late to buy Bitcoin now? No, it’s not. But if you want to make quick money, don't expect that from Bitcoin. The days of Bitcoin bringing massive returns in just a few weeks may be over. However, looking at the long term, Bitcoin's good days are still ahead.

Bitcoin has a fixed supply of only 21 million coins, unlike fiat currencies, which can be printed infinitely, giving it a unique value storage advantage. Furthermore, Bitcoin is decentralized and highly secure, becoming increasingly popular in the digital age. These features may make Bitcoin more popular in the coming decades, becoming an important asset in global investment portfolios.

What should I do now?

If you plan to invest in Bitcoin, you must be prepared for long-term holding. You can adopt a dollar-cost averaging approach, gradually accumulating funds, and avoid jumping in all at once when prices are high.

Investing in Bitcoin is as important as the process and the goal. The goal is to fully realize Bitcoin's potential as a transformative financial asset, which requires patience, discipline, and an understanding of asset value. Only then can you benefit from Bitcoin's long-term growth, rather than just focusing on short-term gains.

As for whether to spend 1000 RMB to buy Bitcoin now, you need to think carefully.

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