In 2025, Bitcoin is likely to continue its upward trend. On the supply side, the halving completed in April 2024 reduces block rewards, slowing down the rate of new coin production and making scarcity increasingly evident. On the demand side, traditional financial institutions like BlackRock continue to increase their holdings, and the approval of Bitcoin spot ETFs attracts significant capital, with inflows expected to persist in 2025. The uncertainty of the global economy is also increasing, and Bitcoin, as 'digital gold', can serve as a safe haven during economic instability, attracting investor allocation. #地缘政治对比特币的影响 $BTC