#TradingPsychology Here are the Top 3 reasons why Bitcoin (BTC) is likely to increase in value in the future:

1. Reduced supply due to Halving

Halving is an event that reduces the block reward for BTC miners by half (every 4 years).

The next halving event will occur in April 2024, reducing the reward from 6.25 to 3.125 BTC.

When the new supply decreases, if demand remains constant or increases, the price will rise according to the law of supply and demand.

History shows that after each Halving, the price of BTC has significantly increased after a few months.

2. Widespread acceptance from financial institutions

The approval of spot Bitcoin ETFs by the SEC has made it easier for capital from institutional investors to flow into BTC.

Large companies such as BlackRock, Fidelity, Ark Invest… have started to hold BTC in their portfolios.

As financial institutions view BTC as a hedge against risk or a long-term investment asset, confidence in BTC will significantly increase.

3. Global inflation and the role of "digital gold"

In the context of rising inflation and depreciating fiat currency, many