Below are the Top 3 reasons Bitcoin (BTC) has the potential to increase in value in the future:
1. Supply reduction due to Halving
Halving is the event that reduces the block reward for BTC miners by half (every 4 years).
The most recent halving will occur in April 2024, reducing the reward from 6.25 to 3.125 BTC.
When the new supply decreases, if demand remains the same or increases, the price will rise according to the law of supply and demand.
History shows that after each Halving, the price of BTC tends to increase significantly after a few months.
2. Widespread acceptance from financial institutions
The approval of spot Bitcoin ETFs by the SEC has facilitated the flow of funds from institutional investors into BTC.
Large companies like BlackRock, Fidelity, Ark Invest… have started to hold BTC in their portfolios.
When financial institutions view BTC as a hedge against risk or a long-term investment asset, confidence in BTC will increase significantly.
3. Global inflation and the role of "digital gold"
In the context of rising inflation and the depreciation of fiat currency, many