Bull market driving factors
After BTC's market value reaches a certain size, looking back at the past three cycles, the bull market is jointly driven by multiple factors,
including:
BTC halving (supply and demand adjustment expectations), this round of halving occurred in April
Monetary policy easing or easing expectations, the market has reached a consensus that the high point of interest rates has passed, and there are high expectations for a decline in the next quarter
Regulatory policy easing. This cycle is reflected in the update of US accounting standards, crypto assets can be reflected in the financial statements of listed companies at fair value, and the SEC's defeat in Grayscale led to the approval of ETFs.
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