The Bitcoin market has recently seen a long-term bullish sentiment, supported by various factors. Firstly, the ongoing entry of institutional investors has injected strong momentum into the market. For example, MicroStrategy has accumulated over 620,000 Bitcoins, accounting for more than 3% of the global total. At the same time, the rise of Bitcoin ETFs has also attracted a large influx of capital, with analysts predicting that by 2025, Bitcoin ETFs in the U.S. stock market could attract over $70 billion in net inflows.

Secondly, potential changes in the policy environment also bring positive signals to the market. Some political figures have expressed their intention to make the United States the "crypto capital" and a "Bitcoin superpower," which may imply that more favorable policies for the development of cryptocurrencies will be introduced in the future, thereby stimulating global investors' demand for digital assets.

The advancements on the technical level are also worth noting. The Bitcoin network is undergoing a series of technological upgrades, such as the promotion of the Lightning Network and the implementation of Taproot, all of which are enhancing the practicality and scalability of Bitcoin. At the same time, the Bitcoin ecosystem is continuously improving, creating a wider range of application scenarios for Bitcoin, from custody services to payment solutions.

The scarcity on the supply side is another key factor supporting the price of Bitcoin. In 2024, Bitcoin completed its fourth halving, reducing the daily new supply from 900 coins to 450 coins, further reinforcing its scarcity attribute.

It is worth mentioning that some analysts believe the worsening of the U.S. debt issue may become an important background factor driving the long-term rise of Bitcoin. Although there is no true "eternal" in the market, the upward trend of Bitcoin is still worth paying attention to and thinking about in the long run. While investors focus on these favorable factors, they should also remain rational and fully recognize the high-risk characteristics of the cryptocurrency market.