Bull market performance in the currency circle

1）
Each time it is strongly correlated with the Bitcoin halving cycle. This also made some people make a lot of money in these bull markets based on this judgment. Take the previous bull market as an example, the bear market in 2018, 19, and 2020, because the 21-year bull market originated from the halving of Bitcoin in May 2020. The price of Bitcoin is the market index of the currency circle, and its rise and fall determine The bull-bear dividing line in the currency circle.
2）
On the one hand, the halving of Bitcoin is because the block reward is halved, and the cost of mining machines, electricity and labor invested by miners must be less than the received Bitcoin reward, which means that the price of Bitcoin must be raised. On the other hand, market confidence returned, institutions and traditional incremental funds entered the market, and sentiment began to be Fomo.
3）
Then, after each round of Bitcoin halving, there will be new narratives and hot spots to promote market hype and to undertake the value overflow of Bitcoin, such as the DeFi hype in 2020, the emergence of NFT, and the popularity of GameFi and Metaverse, all of which will boost The outbreak of the 21-year bull market. The initial stage of the last round of bull market stemmed from the halving of Bitcoin, which ended at the end of 21. Looking at it this way, basically the economic cycle of the currency circle can be summarized as a two-and-a-half-year bear market and a one-and-a-half year bull market.
4）
Expectations for the currency circle next year: Bitcoin spot ETF application approved + Bitcoin halving + Federal Reserve interest rate cut expectations + regulatory policy implementation + Wall Street institutions and consortiums have entered the market to predict the future price of Bitcoin. The light of the bull market will not be too far away. We have survived such a difficult market in the past, and the market next year is worth looking forward to.