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English version Historical patterns show that the three previous Bitcoin halvings (in 2012, 2016, and 2020) were all followed by a significant price surge (a bull market) in the subsequent year. Considering this and the supply reduction effect from the April 2024 halving, there is a dominant expectation that the bull market will likely continue into 2025. Furthermore, the unprecedented approval of a Bitcoin Spot ETF in the U.S., which is expected to draw substantial institutional capital, acts as a positive signal that the market is more mature and has secured broader demand. However, because unpredictable variables such as the global macroeconomic situation and geopolitical risks exist, it is difficult to definitively assert that the same level of explosive surge as in the past will recur. Nevertheless, I am looking forward to a year-end bull run.
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