Expectativas de crescimento do tamanho do mercado
De acordo com Brad Garlinghouse, CEO da startup de blockchain Ripple, o mercado de criptomoedas dobrará de tamanho até o final de 2024, com o valor total de mercado esperado ultrapassar US$ 5 trilhões.
Promovido pela inovação tecnológica
• Expansão ecológica do Bitcoin: Inovações como o protocolo ordinal criam possibilidades para NFT e outras aplicações na cadeia Bitcoin, promovendo a ascensão da cadeia ecológica Bitcoin.
• Atualização Ethereum: A transição Ethereum 2.0 e a atualização Cancun resolveram os problemas de escalabilidade e custos e consolidaram ainda mais sua posição dominante no campo da cadeia pública.
• Desenvolvimento de soluções Layer2: Soluções de expansão fora da cadeia, como cadeias laterais, canais estaduais, mecanismos de rolamento, etc., estão constantemente surgindo, melhorando a velocidade das transações e reduzindo custos, e a importância da tecnologia e da interoperabilidade entre cadeias tem se tornado cada vez mais aparente.
• Decentralized application acceleration: Decentralized applications such as decentralized finance continue to develop, with platforms like Uniswap on Ethereum continuously evolving, providing new avenues for financial services.
Market demand and capital inflows
• Bitcoin spot ETF approved: On January 10, the Bitcoin spot ETF was approved by the U.S. SEC for listing, providing investors with new channels, attracting substantial capital inflows, increasing Bitcoin's market size and liquidity, and enhancing the compliance and investability of digital assets.
• Institutional investor entry: Traditional financial institutions such as pension funds and insurance companies are increasing their participation in the cryptocurrency market, driving market development.
• Global liquidity cycle rising: The global liquidity cycle in the expansion phase makes Bitcoin act as a liquidity sponge and an inflation hedge, positively impacting its price.
Market structure changes
• Clear characteristics of a seller's market: Pre-sale terms favor sellers, capital turnover slows down, and more paper gains are locked in, which may prolong the duration of the bull market.
• Altcoin performance differentiation: The rollover of altcoins has created a higher foundation for the bull market outbreak, but with the surge in project numbers, altcoins face dilution effects, making those with reliable projects, legitimate teams, and strong fundamentals more valuable for investment.
Improved regulatory environment
Regulatory policies in various countries are gradually improving. For instance, Hong Kong is actively participating in the formulation and implementation of adaptive, forward-looking, and internationally consistent regulatory policies, balancing technological innovation and financial security, which provides assurance for the stability and development of the cryptocurrency market.
