4 reasons why Bitcoin's bull cycle is not over yet!
Analysts say the cryptocurrency market correction has dampened investor sentiment, but there are still many reasons to be optimistic about Bitcoin, including:
1. Impact of Bitcoin Halving
Bitcoin will undergo its fourth Halving this weekend, an event that occurs roughly every four years, when the supply of newly released BTC (the reward for miners) is halved.
Historically, Bitcoin prices do not fluctuate much around halving, but this event often signals strong price increases after a certain period of time.
2. Spot BTC ETF attracts new investors
The launch of Spot BTC ETFs in 2024 promises to attract more and more new investors, with leading ETFs listed by giants such as BlackRock and Fidelity continuing to record steady net inflows .
3. Bitcoin can be an inflation hedge
According to macro analyst Noelle Acheson, Bitcoin could decline due to the impact of stock market weakness. However, this price drop will only be short-term as other positive factors such as value storage & inflation protection will be the driving force for BTC in the long term.
4. Market purification
Large liquidation events in derivatives markets often mark bottoms in asset prices, eliminating excessive leverage and helping the market escape overexuberance. The cryptocurrency market has experienced one of the harshest leveraged liquidations, with the total value of long contracts liquidated above 1.5 billion USD in just two days April 13 & April 14.
🎯 In summary, although the cryptocurrency market is in a correction phase, there are still many reasons to believe in the growth potential of Bitcoin and other digital assets over the long term. Note: The content is for reference only, not investment advice.
