Bitcoin Bull Market? There are three major factors constraining it: the increase in institutional demand, the crisis of trust in the traditional financial system, and the cultural shift towards Bitcoin. Despite the recent decline in Bitcoin prices, it is expected that these factors will collectively drive a significant increase in Bitcoin, creating a historic market situation. Key points: - Bitcoin is known as 'digital gold', despite a 15% drop in price in the past month. - Institutional investors' interest in Bitcoin continues to grow, becoming an important driving force for its price increase. - Due to the weakening of confidence in the traditional financial system, Bitcoin is seen as a reliable alternative. - Bitcoin is now the world's fifth largest reserve currency, second only to silver. - It is expected that the FOMO sentiment of retail investors will further drive the Bitcoin Bull Market. - The cultural shift towards Bitcoin is not just about accepting another currency, but also accepting a decentralized financial system.

BTC-1.73%
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