#BTC重返10万
### **Bull Market Continuation (Optimistic Scenario)**
- **Driving Factors**:
- **Institutional Funds Continuing to Enter**: Pension funds and sovereign wealth funds increasing BTC allocation through ETFs, or companies incorporating BTC into their balance sheets (like MicroStrategy model).
- **Halving Effect Manifesting**: Block rewards reduction leads to supply tightening, with supply-demand imbalance driving up prices (referencing 2017 and 2021 cycles).
- **Macroeconomic Favorability**: Federal Reserve interest rate cuts + weakening dollar, cryptocurrency narrative as an “anti-inflation asset” strengthened.
- **Target Range**:
- $150,000 - $200,000 (market cap approaching 50% of gold).
- If mainstream coins like ETH rise, total cryptocurrency market cap could surpass $10 trillion.