Background of Bitcoin Price Surge

The sharp fluctuations in Bitcoin prices are closely related to the macro-economy, policy changes and technological progress. This round of price increases is mainly affected by the following background factors:

1. Macroeconomic uncertainty

The global economy faces multiple challenges, including inflation, geopolitical conflicts and the decline of the US dollar's credit. In this environment, investors seek means of storing value, and Bitcoin is regarded as "digital gold" because of its scarcity and decentralized properties.

2. Institutional investment drive

As more traditional financial institutions accept Bitcoin, the institutionalization trend of the cryptocurrency market is becoming more and more obvious. For example, many asset management companies in the United States are applying for Bitcoin spot ETFs, which increases the market's demand for Bitcoin.

3. The maturity and popularity of blockchain technology

The widespread application of blockchain technology has further enhanced the market's confidence in Bitcoin. In particular, the progress of the Bitcoin Lightning Network has provided strong technical support for Bitcoin's payment function.

4. Supply limit

The total amount of Bitcoin is capped at 21 million, and the current number of mined Bitcoins is close to 19 million, further highlighting its scarcity. In addition, the upcoming Bitcoin halving event in 2024 will further reduce the supply of new coins, providing long-term support for price increases. #市场回暖新机遇