Looking back at the previous three bull markets, they are all closely related to the halving of Bitcoin rewards, and each halving is a milestone in the history of digital currency.
The halving around 2012 and the POW market dominated by Bitcoin laid the foundation for the establishment and formation of the currency trading market, and digital cryptocurrency entered the field of vision of the majority of investors.
Some time after the halving in 2016, Ethereum smart contracts came into being, and the one-click coin issuance drove the ICO bull market at the time.
The 2020 halving, the mining of K on the Ethereum chain, the popularity of Defi finance, staking, market makers, etc. ignited the bull market at the time, which was enough to demonstrate the importance of technological progress and practical value.
2024 is already here, the Bitcoin ETF has been successfully approved, there are constant calls for the Federal Reserve to cut interest rates, and the Bitcoin halving is less than 100 days away. How should we plan to welcome this recognized new round of bull market?
The first main line: layer 2, what is L2? This is a new technological revolution, a second-layer network concept for smart chain expansion. After years of exploration, L2 aims to be faster, lower-fee, and safer. Vitalik focuses on investing in the OP rollup line, with OP, ARB, and key eco-coins as representative currencies. Of course, L2 layer technology will continue to deepen, and ZK rollup may be a better choice in the future. Related currencies may be launched in 2024. But in the short term, concepts such as the Cancun upgrade are enough to serve as a large engine for this round of market.
The second main line: Bitchain ecology, with ordinarys protocol and BRC-20 standard as breakthroughs. Bitcoin is known as the digital gold that never changes. Since the creation of the Genesis Block in 2019, Bitcoin has only been used as a target for electronic cash transactions, and other things have not been developed. It can be said that the big pie has been flat for many years. It was not until 2017-2021 that the exploration of the Bit ecology, such as segregated witness, stacks second-layer network, taproot upgrade, etc., and the intelligent development of the Bitchain ecology were gradually taken seriously. From January to March 2023, the emergence of ordinarys protocol, BRC-20 standard and concepts such as Bitsatoshi gave the Bitcoin ecology more room for imagination. The myth of ordi's thousand-fold increase has inspired investors to embrace the craze of inscriptions. Binance and OK have laid out web3.0 wallets, and the first wave will definitely rely on inscriptions to open the market.
We will continue to explore other investment themes and present them to you.
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