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.

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.

That's quite frankly so. The underlined or hidden word which defines this clearly is, 'demand'.
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.

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.
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.



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.


Until now, no one knows its effect. These are just assumptions.

Support means nothing but a temporary increase due to speculation. Investment is the most important.

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.


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.

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.

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.  

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.

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.

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

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.

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 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.

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.

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.

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.

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.

Education on Bitcoin is available and halving has its impacts to bring more people to Bitcoin, free courses& resources to learn about it.

More people exposed to it, more people will become Bitcoiners. It is biggest impacts from Bitcoin halvings and more people join means bigger demand while we know supply is the same, if not say it becomes less with time when more bitcoin lost.

That explains very sustainable growth of Bitcoin price year by year and its price does not dump after each halving pump like altcoins.

I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.

Also, should we not consider the terrible flaws and failure of fiat? Does it not add to the bullish sentiment of the Bitcoin market that inflation in some countries is out of control and that people are looking for ways to preserve their wealth?

How about institutional adoption? Would you not count the huge amount of money that is in the hands of giant international financial institutions, for example, in the acceleration of the bull market?

All I'm saying is that halving is not "the only indicator that can accelerate the bull market."

I'd take inflation out of this. Bitcoin and USD aren't connected in any way whatso-ever, let alone any other currency in the outside market. To think that your currency has become more valuable cause everything is now in the gutter is a little skewed in my opinion. Just because the USD or any other reference currency for that matter is at the lower end of the spectrum when compared to bitcoin (keyword: compared) doesn't necessarily equate to a gain in bitcoin's end. All the world could burn and the USD could collapse but if bitcoin doesn't increase in intrinsic valuation, it's not going to increase in value no matter how hard you try. Everything else is good, just had qualms with that part lol.

Those factors have in one way or another contribution to the market performance of BTC.
We can't single out any of these factors that will only influence the BTC movement.
They are important in the growth of BTC in the market, so we can consider such factors as integral part of BTC development.

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. These institutional entities often go for short-term profits so they can make the bitcoin marketplace more volatile rather than let it grow as a long-term store of value. Another alarming point is what happens if one of these big companies fails to operate and has a big bag of bitcoin. This will be impactful for the market. Even there can be a shift in narrative as well. Bitcoin is highly known for its decentralized global currency, but heavy institutional involvement could shift this, with bitcoin being seen more as an institutional asset than a currency for people.

I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.


Education about Bitcoin is necessary but it doesn't play any role in boosting up the bull market. With proper education about Bitcoin one can protect his/her Bitcoin from hackers and can invest in it securely.



Yes, those type of ETF's from the top companies may increase the adoption of Bitcoin and we may see new investors in the world of Bitcoin due to those companies. But, still the top investors will only invest in Bitcoin if they like the idea of decentralization and other features of Bitcoin.

I think that there is not that much change and movement with this factor for the price of Bitcoin. Or you can just come up together with this and the regulations. The effect that goes more with the regulations set by the government is more impactful. But since it's an election, words of the president or a candidate can also have some impact but at least for just that day until the promise will really be implemented and put into a law.
I remember that there's this US president candidate that has expressed his thoughts about Bitcoin and he's a supporter but he didn't win.
IIRC, that was Yang. We want someone like him in the government for more favorable laws about Bitcoin. But, if we're going to analyze the situation, at the end of it they are still politicians that makes promises just to get people's vote.

When the fundamental holders of Bitcoin start to get back strong, such as more Institutional adoption perspective which could happen as a result of getting the first-ever spot ETF on a scarce commodity as "Bitcoin" approved,  giving the institutional investors confidence to start converting or allocating some percentage of their wealth sitting there in, Gold, Bonds, real estate and stocks into BTC, hence bringing more money to melt into Bitcoin, it gonna be a blast.

Some of the features you discussed are important to the Bitcoin ecosystem and not just for the bull run. For a newbie to come up with these points shows that you are gradually understanding the sector. Bitcoin halving, Spot ETF,  and advantageous regulation might be some of the factors that will affect the bull run next but other factors are long-term accelerators of Bitcoin adoption. If the application of BlackRock, Wisdom Tree, Invesco Galaxy, and others is approved, it might help in making the bull run a memorable one. I also agree that encouraging regulations, especially in the US can also contribute to the bull run.

But the US election is slated for November next year, so it might have little or no effect on the predicted bull run. Bitcoin education is a gradual process that might not impact the bull run next year. People turning to Bitcoin as a hedge against inflation will slightly affect the bull run because people have other alternatives.

You have mentioned some good and main factors here, and these almost are all the factors that are driving more traffic/adoption toward BTC. Many big platforms are endorsing BTC well at least trying to leverage the BTC technology but in the end they say they are trying their best to make things perfect for people so they can use BTC (talking about PayPal's interview). But still, the key factor is the halving. According to my short knowledge ( ) after halving there comes bull run first and then bear run comes.

But still, the other factors, like ETFs, institutional adoption, Utilization of BTC, etc. will work as a fuel that will boost the engine of BTC rocket to the moon. And BTC might perform more than our expectations just because of these factors.

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.