"BTC: Breaking Through the Previous High and Makin
As an investor who has experienced bull and bear cycles, I would like to share some thoughts on the current market.Regarding the issue of BTC breaking through the previous high, there is no precedent for breaking through the previous high before the halving in history. Therefore, if it breaks through the previous high early this time, it will create history. But we must also realize that BTC is always making history!Before every bull market begins, analysts predict the top price of BTC, but in fact, almost no one can predict it accurately. Some people think that the increase in this bull market will not be too big because the total volume has increased, and I admit this. However, if BTC is viewed only as an alternative to gold, then it still has a lot of room to grow. More importantly, except for consensus, all the characteristics of BTC are better than gold. I can't imagine a scenario where BTC does not surpass gold.Currently, everyone is working hard to develop the BTC ecosystem and hopes to move applications on ETH to BTC. However, everyone only sees the superficial problems and does not see the essence. The rise in ETH is related to the development of its ecosystem, but essentially it is an increase in the amount of ETH pledged. Pledge ETH in exchange for income, thereby reducing the total amount of coins on the market. Supply and demand determine the price. It's that simple. The same is true for the rise of BTC. The rules of the halving cycle change the relationship between supply and demand. Now most of the coins have been moved to cold wallets. Several million of the 19 million BTC have been permanently lost, and most of them are placed in cold wallets. There are only a little over one million coins that are affected by short-term prices, and the number is decreasing. It would be strange if it doesn't rise. This is a bull market trend, and the opposite is true in a bear market.Finally, I would like to reiterate the most basic point, every household must own at least one BTC. In an era of great currency devaluation, this is crucial.