The first three halvings:
1. BTC’s position in encryption:
As the pioneer of the first blockchain digital currency, BTC has great influence and recognition in the market with its characteristics of decentralization, fixed supply and security.
2. Impact of halving on BTC:
Halving refers to the halving of BTC's block reward, such as the reduction of Bitcoin rewards in each block from 12.5 to 6.25. Halving will stimulate market demand, leading to supply shortages, thereby driving up BTC prices.
3. Expectations and reality of BTC ETF:
Recently, BTC & ETF have not set off the expected waves, mainly due to the restrictions of regulatory and market structure factors. However, the overall market can see that more and more funds are entering the crypto market, and the opening of policies mainly affects the entry of institutional investors.
4. Market consensus on BTC:
- BTC’s status cannot be ignored: Despite the increased competition from other cryptocurrencies, BTC remains one of the most influential cryptocurrencies on the market.
- Positive expectations for BTC from halving: The market is confident that halving will drive up BTC prices.
- Potential impact of ETFs: Although the development of ETFs has been slow, the market is optimistic about their potential impact.
- Long-term bullish on BTC: The market generally believes that BTC still has long-term growth potential amid the growing global digitalization trend.
in conclusion:
Scarcity makes things valuable. It is uncertain whether BTC will hit the bottom in the short term, but it is worth ambush in the spot market. Based on the market fluctuations of the previous three times, I am more optimistic about long-term holding and prepare the bullets.
