Topic: Key Accelerators to bitcoin bull market (Read 378 times)
The points you mentioned are very important especially if these points will serve as key points for the upcoming bull run. The two factors I would like to emphasize the most are the Bitcoin halving that happens every four years. We expect Bitcoin's value to touch all time high after this halving in 2024. Also another thing here is ETF approval especially if BlackRock, Wisdom Tree, Invesco Galaxy get approval for ETF trading then we will see this bullish movement soon. But all the other reasons you mentioned are no less important. The effect of those things will gradually influence the market.
For me, Education and regulations are the keys to seeing the mass adoption of bitcoins all around the world and the government should wake up right now since they don't have anything with the banks. Because bitcoins are a huge opportunity that hasn't been discovered before and this time they need to take advantage of it positively. People should not rely on negative information shown by the media and should do their own research so that they won't just easily believe those hostile groups whenever they slander bitcoins.
Governments are already awake, and they can clearly see the revolution which is what makes them scared of the mass adoption within their countries. There are only some of them that are openly embracing Bitcoin into their economy and letting people use it openly and are also doing a lot of developments and stuff with Bitcoin and cryptocurrencies because they can see the real potential it brings and they know it can be beneficial for them in the long run.However, most governments find it being a threat to the financial institutions and the power and control that they have over people since they control all the finances and financial activities of people and if people stop using those institutions and start using Bitcoin, they are literally doomed.
Only halvening can be considered the force behind a bull run, the rest of the mentioned factors can only be "bullish news" that help to accelerate the existing bull market. It's not even clear if they actually affect the price, or if the crypto media tends to pay more attention to them during a bull run, and ignores them when it's bear season and such events don't positively affect the price.
Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.
Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
Right now, in my opinion, the accelerators have mainly been the halvings and the inflation of fiat money, especially the latter is the main reason many people buy bitcoin. Less important but still relevant I would say regulations, because if some important country decided to ban bitcoin that would have been a big problem (now we're past that). Now it's the moment of the spot ETFs and institutional adoption.Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
I don't consider the elections something very relevant. And, at the end, something that I hope one day will be at the top of the list, the actual utilization of bitcoin.
Irrespective of the accelerators that drive it to bull markets, elections got little to nothing to do with having an effect as much as the halving, spot ETF, devaluation/inflation of fiat, regulations and taxes would.
It is also these accelerators that drive the genius behind the idea of BTC to survive the market trends. It thus makes its value and demand increase. In cases where it has been adopted as a legal tender, these accelerators may be very limited to halving, the demand and supply as well as network charges and speed of transaction completion and mining.
Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.
Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
Right now, in my opinion, the accelerators have mainly been the halvings and the inflation of fiat money, especially the latter is the main reason many people buy bitcoin. Less important but still relevant I would say regulations, because if some important country decided to ban bitcoin that would have been a big problem (now we're past that). Now it's the moment of the spot ETFs and institutional adoption.Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
I don't consider the elections something very relevant. And, at the end, something that I hope one day will be at the top of the list, the actual utilization of bitcoin.
All of them are points that can be answered positively or negatively, but they do not directly affect the price, as the price is affected by changes in supply and demand, and all the factors I mentioned, some of which may directly affect supply and demand, and others indirectly.
Until now, no one knows its effect. These are just assumptions.
7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Support means nothing but a temporary increase due to speculation. Investment is the most important.
3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.
Inflation does not positively affect Bitcoin because it means that there is less money and therefore less investments, and people rarely resort to speculation in high-risk assets.4.SPOT ETF: In the next 12-14 months would cause a rapid effect prior to the bull market bringing in both large and small investors leading to high demands causing a rapid hike in price. It's good thing for wherever segments yo get into Bitcoin.
Until now, no one knows its effect. These are just assumptions.
7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
For me, Education and regulations are the keys to seeing the mass adoption of bitcoins all around the world and the government should wake up right now since they don't have anything with the banks.
On the contrary, government have everything in the banks, it is one of the institution that govern a country. So I don't think that government should wake up right now and that is the main reason why some of them are anti-crypto for that matter, they want to support their banking system.
Because bitcoins are a huge opportunity that hasn't been discovered before and this time they need to take advantage of it positively. People should not rely on negative information shown by the media and should do their own research so that they won't just easily believe those hostile groups whenever they slander bitcoins.
Just remember as well that it's not just like a magic bean that will make people rich. You still have to invest, educate our selves in order to take advantage of it. As far as negative information, it's part of the market already so yes, I do agree that we should not take every news, 90% of them are not even verify but the authors themselves, they will just released this news, whether positive or negative and that's it.
When most people are cheering about institutional investors being on board, I am sensing a potential danger in it.
One of the core principles of bitcoin is decentralization, and this can be significantly reduced by those institutional entities. One or a few of them can control a large chunk of the circulating supply and influence the market.
Even though I agree with you that institional adoption of Bitcoin comes with some dangers, I still want to emphasize that institutional involvement will do more good to Bitcoin than harm. As retails, we are small fries in the scheme of things and we barely have the capital to drive a sustained high price of Bitcoin. One of the core principles of bitcoin is decentralization, and this can be significantly reduced by those institutional entities. One or a few of them can control a large chunk of the circulating supply and influence the market.
Instructional adoption of Bitcoin will not eliminate the decentralization feature of Bitcoin and I don't think the notion that institutions after quick profit is right. On the other hand, institutional adoption will create huge liquidity thereby making it difficult for few individuals to manipulate the price.
I see institutional adoption as key to the future of Bitcoin, so the fear of harming Bitcoin in that direction is totally unnecessary.
For me, Education and regulations are the keys to seeing the mass adoption of bitcoins all around the world and the government should wake up right now since they don't have anything with the banks. Because bitcoins are a huge opportunity that hasn't been discovered before and this time they need to take advantage of it positively. People should not rely on negative information shown by the media and should do their own research so that they won't just easily believe those hostile groups whenever they slander bitcoins.
Yes, that's what bitcoin needs for mass adoption to get a positive reaction from people so they will want to start using bitcoin.The government could start allowing its citizens to use bitcoin as either an alternative payment or an investment.
They also open training about bitcoin so that people can learn more and more details about it and realize that they can take full advantage of it.
With encouragement from the government, mass adoption can run well so that the entire community can accept bitcoin.
But so far, the government has still not given any signs of fully accepting bitcoin and it may still take more time for bitcoin to be fully accepted.
For me, Education and regulations are the keys to seeing the mass adoption of bitcoins all around the world and the government should wake up right now since they don't have anything with the banks.
I agree with you that we need education in general and education on Bitcoin to help its adoption. Education will also help to clear uncertainty of many people about Bitcoin. In other words, it enlightens many people and help them to understand about Bitcoin more accurately. They will have less fear but gain more belief and confidence when they become more knowledgeable people.Quote
Because bitcoins are a huge opportunity that hasn't been discovered before and this time they need to take advantage of it positively. People should not rely on negative information shown by the media and should do their own research so that they won't just easily believe those hostile groups whenever they slander bitcoins.
After 14 years, since 2009, I would not say Bitcoin is a hidden gem. It already was discovered and made many people rich but beyond that, it initiates a new industry, blockchain, which is a game-changer in human civilization. 
For me, Education and regulations are the keys to seeing the mass adoption of bitcoins all around the world and the government should wake up right now since they don't have anything with the banks. Because bitcoins are a huge opportunity that hasn't been discovered before and this time they need to take advantage of it positively. People should not rely on negative information shown by the media and should do their own research so that they won't just easily believe those hostile groups whenever they slander bitcoins.
And it just goes to show that btc after more than a decade of existence is mostly used as a profit-making asset rather than actual utilization on a day-to-day basis.
Why do all these factors need to reflect on the price every 3 to 4 years and not happen within a short-term period (a year)? I can understand btc halving will take that long to occur but what about the rest?
Education, Institutional adoption, Utility/Utilisation of Bitcoin, and Regulations are among the key factors that shape up the btc existence and can also accelerate adoption which will increase the demand organically without needing to wait every 4 years for a bull market for a significant price increase. But most btc investors only focus on the profit-making aspect, hoding btc to infinity for good profit, and in the end, I don't see what role these aforementioned key accelerators play when it is all a big vicious circle
Why do all these factors need to reflect on the price every 3 to 4 years and not happen within a short-term period (a year)? I can understand btc halving will take that long to occur but what about the rest?
Education, Institutional adoption, Utility/Utilisation of Bitcoin, and Regulations are among the key factors that shape up the btc existence and can also accelerate adoption which will increase the demand organically without needing to wait every 4 years for a bull market for a significant price increase. But most btc investors only focus on the profit-making aspect, hoding btc to infinity for good profit, and in the end, I don't see what role these aforementioned key accelerators play when it is all a big vicious circle
Well, so far the utilization is for profit making only. Most financial institutes have taken Bitcoin literally as a way to earn more profits with their brokerage firms. Some of them are ahead of that making a bitcoin bank where they accept every commercial business from a Bitcoin background. This has made the business grow under the roof of bitcoin trades.
In financial area, you spend money for profit incentive mostly and as a financial company, they have to use their money to get profit for themselves and if it is on behalf of customers, it is to gain profit for customers too.We have a Bitcoin decentralized network, a public ledger and transactions on it won't be censored by anyone. It is a public Bitcoin bank for everyone to use for storage and transact money through bitcoins. We don't need a commercial bank that is centralized in hands of their founders, core members and under regulations of government, central bank to provide such services.
Well, so far the utilization is for profit making only. Most financial institutes have taken Bitcoin literally as a way to earn more profits with their brokerage firms. Some of them are ahead of that making a bitcoin bank where they accept every commercial business from a Bitcoin background. This has made the business grow under the roof of bitcoin trades.
Going beyond this, Bitcoin is now included in traditional exchangers like Forex, etoro, and other privately owned firms stating the purpose of making money only. I think everything makes sense because they are adopting bitcoin as a means of sending money here and there seems to be getting #2 acceptance.
By the way, I hardly think that the US presidential election has anything to do with Bitcoin. Not so far as they are only putting it in negative ways.
Going beyond this, Bitcoin is now included in traditional exchangers like Forex, etoro, and other privately owned firms stating the purpose of making money only. I think everything makes sense because they are adopting bitcoin as a means of sending money here and there seems to be getting #2 acceptance.
By the way, I hardly think that the US presidential election has anything to do with Bitcoin. Not so far as they are only putting it in negative ways.
Right now, the market seems to be more excited with the possibility of a BTC-ETF approval by SEC especially the one filed by BlackRock which is financially a very influential entity most especially in the American economy. Though we have to understand that SEC is really doing things inorder to at least delay such approval - in furtherance of its role as a big enemy of the cryptocurrency industry as a whole. Come 2024, we can surely see where this thing is headed.
The causes of Bitcoin's bull markets were examined in detail. I appreciate your effort. It's important to be explicit and honest while discussing such issues, especially in a professional manner. Inflation and fiat monetary value loss may affect Bitcoin differently. Bitcoin may attract investors due to inflation, but it's a double-edged sword. Bitcoin growth may decrease due to economic instability caused by high inflation.
The US regulates poorly compared to some European countries, but regulatory choices can go either way. They can aid or hinder growth
The US regulates poorly compared to some European countries, but regulatory choices can go either way. They can aid or hinder growth
Quote
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
The US presidential elections are definitely not a factor in the future BTC bull market.
Donald Trump has already stated, that Bitcoin is "made out of thin air" and that he doesn't support crypto. The Biden administration isn't very Bitcoin/crypto-friendly as well. The presidential elections in Argentina would have a positive impact over the BTC price only if the pro-Bitcoin candidate wins.
The impact would be the same as when El Salvador declared Bitcoin a legal tender.
I don't think that crypto education is a bullish factor. Some people might get some knowledge about Bitcoin and blockchain technology, but that doesn't necessarily mean that they will buy large amounts of BTC.
Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.
Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
1.HALVING: it's a period where investors,earners and miners of Bitcoin get their rewards for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.
2.EDUCATION: Education is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.
3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.
4.SPOT ETF: In the next 12-14 months would cause a rapid effect prior to the bull market bringing in both large and small investors leading to high demands causing a rapid hike in price. It's good thing for wherever segments yo get into Bitcoin.
5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the people finds the control/power of the government tiring, but then this would be a good push.
United States should make Good regulations, for they are far behind unlike Europeans who are doing better at this.
6.US/ARGENTINE PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase since they are positive new bitcoin supporters.
7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.
8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee you ownership or having it in your wallet is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation of it is also good and that will generate its increase.
Key Accelerators that characterise the Bitcoin bull markets are:
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin
1.HALVING: it's a period where investors,earners and miners of Bitcoin get their rewards for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.
2.EDUCATION: Education is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.
3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.
4.SPOT ETF: In the next 12-14 months would cause a rapid effect prior to the bull market bringing in both large and small investors leading to high demands causing a rapid hike in price. It's good thing for wherever segments yo get into Bitcoin.
5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the people finds the control/power of the government tiring, but then this would be a good push.
United States should make Good regulations, for they are far behind unlike Europeans who are doing better at this.
6.US/ARGENTINE PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase since they are positive new bitcoin supporters.
7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.
8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee you ownership or having it in your wallet is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation of it is also good and that will generate its increase.
There are surely some banks and other financial organisatons that support BTC development, and regulate price of BTC with their fiat assets, since BTC is a large testnet, testing global-scale fintech solutions, some of which can be useful for fiat banks (blockchain, cryptography, decentralisation). Also, mining industry is one of the key factors contributing to the price of BTC, since it is the hardware and software, which all the cryptocurrency system is based on. The development, maintenance and technical support of mining facilities make all the crypto industry fiat-dependent, thus affecting btc price.
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Yeah, while all those factors contribute to the bull market, demand and a high adoption of Bitcoin can also contribute to a bull movement in price. When there are a lot of people who are holding and only a few people selling, and the number of people buying outweighs those that are selling, it will definitely cause the price of Bitcoin to become bullish. If some big institutions or countries announce their wide adoption of Bitcoin, it will also cause the price of Bitcoin to spike. Usually, during war and pandemics, the price of assets plunges, but if there is no ugly incident like that, it also has a role to play in contributing to a strong movement in the Bitcoin market.
5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the people finds the control/power of the government tiring, but then this would be a good push.
United States should make Good regulations, for they are far behind unlike Europeans who are doing better at this.
Realistically these regulations have always ended up meaning more restrictions and KYC and they harm adoption more than they can help it. After all governments look for more control, specially those addicted to power and surveillance. United States should make Good regulations, for they are far behind unlike Europeans who are doing better at this.
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6.US/ARGENTINE PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase since they are positive new bitcoin supporters.
It's effects are negligible. We had the last US Election where people thought the same way specially since some people were hyping it up back then and it had no effects on the market whatsoever. Jump to: