The rise and fall of BTC is determined by the relationship between supply and demand. That is, when there are more people selling, it will fall, and when there are more people buying, it will rise! Then these factors are determined by negative and bullish emotions! Why are you bullish, why are you bearish, why are you buying and why are you selling! The amount of Bitcoin is constant at 21 million. If there is more demand, it can only rise. This is why BTC has risen from a few cents to tens of thousands of dollars now!
So what happens next? Is there more or less demand?
The BTC spot ETF has been approved, which means that there will be infinite funds entering the market in the future, and more traditional investors will flood into the market. This will be a torrent of influx! Furthermore, Hong Kong’s Bitcoin ETF is about to be launched, and it is estimated that Bitcoin ETFs in other countries will also be launched accordingly!
In May, BTC was halved. Some people say that subsequent halvings are of little significance because most of the Bitcoins have been mined and circulated! In fact, this is not the case. The halving means that the income of miners is halved, and the cost of mining increases by half! If mining is loss-making, then no one will mine, so it doesn’t matter how many BTC can be mined after the halving, but every halving can push the price of BTC to a higher level! This time the cost of BTC mining will be halved to around 35,000U.
There is a high probability that the United States will cut interest rates this year, which means more funds will be released into the market. Now that the global economy is unstable, the return on investment in real estate and stock markets will not be very satisfactory! Then more of this money will flow to the cryptocurrency market!
According to the above analysis, the demand for this BTC is very huge! Everyone, hold on to your chips and don’t be fooled by various short-term bad news! Even if Grayscale sells every day, several other ETFs are net bought every day, so the short-term decline is an opportunity to continue to add positions! This opportunity is not only for retail investors, but also for institutions to add positions at low prices to gain chips!
At this time, just grab the chips in your hand and increase your position on dips. If you stick to it until 2025, you will definitely gain good results.
