On April 20, Bitcoin will be halved. Affected by this, after a short-term surge, Bitcoin was under pressure and fell back in the short term. What impact will this round of halving have on the Bitcoin ecosystem? How will Bitcoin develop in the future?
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This round of halving directly affects miners; for Bitcoin, its impact is relatively limited, because the current supply of miners is already very small, and the selling pressure on the market is not great. From a deeper perspective, when Satoshi Nakamoto originally designed Bitcoin, the Bitcoin economy mainly relied on the issuance of additional tokens on the Bitcoin network to incentivize miners in the early stages; but as Bitcoin incentives decrease, Bitcoin miners' income will increasingly rely on packaged transactions to obtain packaging fees. Since 2023, Bitcoin inscriptions and Bitcoin's second layer have developed rapidly, and the proportion of packaged transaction fees in Bitcoin miners' income has also begun to rise. Therefore, in essence, this round of halving is also a paradigm shift in Bitcoin's own economy.
How will Bitcoin develop in the future?
Some people summarize this round of bull market as: a bull market where no one takes over from each other.
Institutions are running the show, chain-level narratives, a valuation of 1 billion, and the sale of coins is unlocked as soon as they are listed, but retail investors are not taking it.
BRC20 is issued fairly, and retail investors have high-intensity execution capabilities to speculate on high targets. There is no time and space at the bottom to accommodate big money, and institutions will not accept it.
The coins supported by Binance are not listed on OK, and the coins supported by OK are not listed on Binance. Each exchange has its own thugs, and everyone has a bunch of projects in their hands, but the exchanges are unwilling to take over each other.
The East plays with inscriptions, the West is pushing for depin, now the West is starting to push for inscriptions and runes, the East is forming L2, the East and the West are not accepting each other. They advocate playing with new things instead of old things, the old ones cannot support themselves, the new ones are not mature yet, imitation ones are coming one after another, the new and the old ones are not accepting each other.
Judging from the recent market situation, during the recent decline of Bitcoin, many tokens have indeed experienced huge selling pressure and performed relatively weakly. So, how will the future crypto market develop?
There is significant panic in the market, and the price has taken a firm foothold and the excessive volatility has been eliminated, which will be the basis for the eventual rise in prices. Whether the Fed cuts interest rates in June is not a long-term driver of Bitcoin prices, but only a marginal factor. The flow of ETFs and the growing deficit problem are more important, and these data are good for Bitcoin.
End of the article
Judging from the recent market, the decline of Bitcoin is mainly due to the coming of the US tax season and the impact of the geopolitical situation. After the Bitcoin halving, market sentiment has improved and the market has also shown some signs of wealth creation. If the geopolitical situation does not deteriorate further, the Bitcoin correction may have ended.
Bitcoin is currently in the post-halving accumulation phase and once it is completed, the only phase left before the end of the bull run will be the parabolic ascent phase.
The investment environment for Bitcoin is much more complex than it was four years ago, and those expecting a BTC surge will likely need to prepare for a marathon, not a sprint. The key levels to confirm bullish sentiment and price action are between $69,000 and $70,000. Ultimately, if sentiment and positioning continue to strengthen, prices above these levels could lead Bitcoin to attempt to break out of its all-time high.
When the market was falling, I kept advising everyone in the group not to cut losses. If you have money, buy the dips to your positions. If you don’t have money, buy at the bottom. If you are short, look for strong coins to enter the market. The SOL sector, meme sector, AI sector, and fan coin sector have basically increased by 20%-50%.
You don't want the cheap chips at the bottom, but you have to wait for them to go up before chasing higher. Even if you have the courage given by Fish Leong, you can't do this. If the BTC starts to break upward, the first thing to follow is the Bitcoin ecosystem, so a series of coins in the Bitcoin ecosystem that have no positions can be the first choice at the moment.
Rif 0.22u is currently available
T Currently 0.038u is available
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Ren Currently 0.066u is available in stock
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