Regarding the future of Bitcoin, I believe this is something worth referring to. Even though many people do not accept it, I believe this is what the Wall Street institutions and capital entering this year want to pursue.

BlockBeats news, on July 27, Blockware BTC analyst Mitchell Askew stated that Bitcoin will no longer experience 'parabolic' price increases or 'catastrophic' bear markets, as the existence of spot ETFs has permanently reduced volatility and changed market dynamics. Bitcoin looks like two completely different assets before and after the launch of the ETF, and it will reach $1 million in the next 10 years through a continuous oscillation of 'upward' and 'consolidation'. This journey will be boring for everyone and will push short-term speculators out of the market. The chart shared by Mitchell Askew shows that since the launch of the Bitcoin ETF in the U.S. in January 2024, Bitcoin's price volatility has significantly decreased.