With the Bitcoin halving approaching, we appear to be on the cusp of a major event. While everyone is keeping an eye on the soaring Bitcoin and the possibility of reaching new highs, the impact of its halving is far-reaching and will touch every aspect of the crypto market. It may even mark a four-year bull-bear cycle in the crypto market. End of cycle.

This is not just about numbers, but about a potential massive shift in how traditional industries perceive and interact with digital currencies. Get ready, this could be the beginning of a whole new era for cryptocurrencies.

The rise of Bitcoin

Recently, Bitcoin prices have soared, driven by events such as the upcoming Bitcoin halving event in April, the approval of a Bitcoin spot ETF in the United States, and financial institutions such as BlackRock entering the crypto industry. This institutional interest created unprecedented demand, with Bitcoin hitting an all-time high of over $73,000 on March 13. The new high was likely driven by ETF inflows, including $1.045 billion on March 12.

The launch of the ETF marks a new phase in institutional investing as cryptocurrencies gain wider recognition as legitimate assets. In addition, it further enhances Bitcoin’s credibility and accessibility to retail investors.

These landmark developments allow investors to gain exposure to Bitcoin without the complications of direct ownership. Increased liquidity and stability will likely continue to attract a wider range of investors, driving wider mainstream adoption and further fueling the current Bitcoin price surge.

Of course, the bear market still exists. However, various parties’ predicted prices for Bitcoin range from US$150,000 to US$250,000 per coin, making a large amount of institutional capital about to flow into the Bitcoin market. This event marks a potential shift in its historical cycle dynamics, driving new levels of growth and innovation across multiple digital asset sectors.

Nothing is absolute, and potential negative factors still exist

Although there is clear bullish momentum in the crypto market, there are several factors that could derail this trend. Continued inflation could prompt monetary policy to tighten, affecting riskier assets such as cryptocurrencies. Sluggish economic growth could also undermine investor confidence and divert attention from speculative investments.