🚀 The Bitcoin bull market is setting off a craze again! Can this round of pie reach 1 million? 💰
This year's Bitcoin bull market can be described as unprecedentedly crazy, surpassing previous bull market levels. One of the main reasons is that the upcoming ETF approval will attract more formal and large institutions to join. This means that a large amount of money is about to pour into the market. Considering that the total number of Bitcoins is only 21 million, some of them are permanently lost or cannot be retrieved due to various reasons, making Bitcoins increasingly scarce.
New large institutions can only purchase Bitcoin through the market, and many large investors have already accumulated considerable amounts before. This has gradually reduced the circulation of Bitcoin, further reinforcing its scarcity. The increase in scarcity directly leads to the increase in the price of Bitcoin, and also promotes the heating of the entire market.
In the bull market, the appeal of Bitcoin has become more and more obvious, and investors' enthusiasm for digital gold has become increasingly high. With the passage of ETF, the Bitcoin market will experience an unprecedented capital feast, injecting more vitality into the cryptocurrency market. Let us look forward to Bitcoin’s performance in the new bull market!
The chairman believes that in this round, the pie will reach around 150,000, which is a very reasonable price range🚀💎
