As a seasoned crypto investor with a keen interest in market trends and historical data, I strongly believe that Bitcoin will continue to be the pivotal driving force in this bull run. The upcoming Bitcoin exchange-traded funds (ETFs) and the influence of the halving are key catalysts for this optimistic outlook.
As a dedicated researcher focusing on the cryptocurrency market, I strongly believe that Bitcoin will remain the primary catalyst fueling this current bull run. The introduction of Bitcoin ETFs and the impact of the halving are two significant factors contributing to this trend.
“A significant insight emerged on the first day of the Next Block Expo in Warsaw, as leading experts discussed the notable trends shaping the current market cycle.”
As a researcher studying the cryptocurrency market in mid-2024, I’ve observed that Bitcoin (BTC) continues to command significant attention and influence sentiment among industry experts. According to four experts I interviewed at CryptoMoon, this digital currency remains a key player in the crypto landscape.
According to Adrian Zduńczyk, the creator of The Birb Nest trading education platform, past trends in Bitcoin‘s halving events indicate potential growth for the cryptocurrency until 2025.
Between 2011 and 2013, there was a staggering increase of over 90 times in the value of our assets. (Zduńczyk stated this.)
Zduńczyk pointed out that Bitcoin’s price surge in 2017, resulting in a 3,000% increase, and its growth in 2021 with a 700% gain are clear signs of its significant impact on the market.
“Those are the facts. There’s no way to refute that. Bitcoin halving history has brought a massive price rise. Hence relying on the facts, the data is very favorable.”
Ben Yorke, the ecosystem vice president at cryptocurrency exchange WooX, emphasized that regulatory clarity had replaced uncertainty regarding Bitcoin.
I believe that the green light given by governments and institutions to Bitcoin Exchange-Traded Funds (ETFs) in the United States and Hong Kong is a significant development for the crypto world. This approval serves as a stamp of legitimacy, making it easier for institutional investors to enter the market and increasing overall confidence in Bitcoin as an asset class.
“It makes it a very attractive proposition to young people around the world,” he said.
Regulatory green light is good for Bitcoin
The criticisms against Bitcoin’s practicality are increasingly being refuted as the expansion of the Lightning network and other features enable users to retain complete control over their Bitcoins. According to Yorke, the widespread usage of Bitcoin solutions such as Lightning will effectively silence these objections.
“For the last ten years, we’ve been building a lot of infrastructure with applications like Lightning. Once these applications take off, the utility naysayers will have very few places to hide.”
Zduńczyk pointed out that the approval timeline for Bitcoin ETFs follows the pattern of investment seasons, with the summer months typically boosting the S&P 500 and Nasdaq’s market growth.
“The ETFs nicely aligned because there was demand from the institutions and there was a legal infrastructure. All those big pension funds, all the central banks that are actually entering the space from 2025 onward.”
Zduńczyk pointed out that historical patterns surrounding U.S. presidential elections have led to enhanced performance in traditional markets, which in turn has influenced Bitcoin’s price growth in past years.
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2024-05-15 17:38