Bitcoin As the halving event draws near, one Bitcoin (BTC) and crypto enthusiast has created a primer explaining why a Bitcoin bull run will be inevitable. Specifically, the article covers 10 reasons behind an optimistic outlook for a bullish outcome after the next BTC halving. being investigated.
ten reasons why #Bitcoin will go into bull mode at the end of this cycle, as it has done in the past.NEWS CONTINUES BELOW
A thread by Stockmoney Lizards🦎 pic.twitter.com/X3kh7eWpWD
— Stockmoney Lizards (@StockmoneyL) September 27, 2023NEWS CONTINUES BELOW
The first of several compelling reasons to expect a bullish surge in the near future relates to the HODL philosophy. The article specifically mentions the scarcity factor. Long-term investors are holding a record nearly 15 million BTC, reducing available supply and pushing prices up.
Then, the Bitcoin Halving event in April 2024. This is another scarcity factor. The halving event, which will occur every four years, will further limit the supply of new BTC, with the maximum supply capped at 21 million.
Koinfinans.com As we reported, the third place is the BTC Cycle itself. All market phases of BTC are affected by halving events, including all-time highs, bear markets, pre-halving movements, and bull markets. Every major BTC rally so far has been preceded by a Bitcoin Halving event.
Added to this is the fact that Bitcoin is not a security. Bitcoin’s mathematical structure makes it cryptocurrency This makes it immune to legal challenges like those faced by some U.S. exchanges that trade its units.
Similarly, the rapidly increasing rate of crypto adoption also adds to the mix. The mass adoption of BTC as more than a store of value and the potential involvement of Amazon, PayPal and other companies also contribute greatly to this.
As for network capacity, BTC’s robust network can handle large transaction volumes, thanks in part to the Lightning network. Meanwhile, Bitcoin’s parabolic rises are attracting momentum traders and speculators, increasing its value.
Additionally, rising global inflation concerns could lead investors to Bitcoin as a hedge, similar to what has historically been gold. Moreover, geopolitical uncertainty is also a contributing factor. After all, Bitcoin has proven to be a reliable store of value in times of global crisis, exemplified during the recent banking and Ukraine-Russia conflicts.
Finally, technical analysis shows historical BTC cycles and the upcoming April 2024 halving point to a potential bull run on the horizon. Clearly, BTC’s unique characteristics such as scarcity and flexibility crypto- continues to fuel optimism among enthusiasts and provides a strong foundation for potential future gains.
Source : Crypto News Land