$BTC
Reasons for Bitcoin's continuous new highs include:
First, the supply and demand relationship drives price increases, with Bitcoin's fixed supply of 21 million coins creating scarcity against the backdrop of growing demand.
Secondly, institutional investors and companies (such as MicroStrategy and Tesla) are gradually adopting Bitcoin as part of their asset allocation, enhancing market confidence.
Third, global economic uncertainty, inflation, and loose monetary policies are prompting investors to seek safe-haven assets, with Bitcoin seen as 'digital gold.' Fourth, the decentralized nature of blockchain technology and its censorship resistance attract long-term investors.
In addition, the halving event (next expected in 2028) reduces new coin issuance, further raising price expectations.
Finally, market sentiment and FOMO (fear of missing out) psychology fuel short-term speculative trends. These factors collectively contribute to Bitcoin's price consistently reaching new highs in the long-term trend.
