In the next eight years, Bitcoin, a cryptocurrency, will experience an unprecedented huge change in demand. With the continuous evolution of the global financial system and the accelerated advancement of the digitalization process, the status and role of Bitcoin will also undergo earth-shaking changes. This article will explore the future development trends and demand changes of Bitcoin from multiple perspectives, revealing the impact and opportunities it may bring.

First, with the rapid development of financial technology and the increasing maturity of blockchain technology, the demand for cryptocurrencies such as Bitcoin will usher in explosive growth. Traditional financial institutions and large enterprises have begun to pay attention to the value of digital assets, among which Bitcoin, as the cryptocurrency with the highest market value, will become the focus of attention from all parties. For example, PayPal, a world-renowned payment company, has allowed users to trade Bitcoin, laying the foundation for its further popularization and application.

Second, as investors' demand for safe-haven assets continues to increase, Bitcoin will become an important part of safe-haven asset allocation. Especially in the context of global economic turmoil, Bitcoin, a decentralized and scarce digital asset, is highly favored. According to statistics, more and more institutional investors have begun to regard Bitcoin as an effective tool to hedge inflation and market risks, and its demand has shown an increasing trend year by year.

In addition, with the popularization and convenience of digital payment methods, the demand for Bitcoin in the retail and cross-border payment fields will continue to expand. More and more online retailers are beginning to accept Bitcoin payments, and consumers can complete transactions quickly and securely through Bitcoin. In terms of cross-border payments, Bitcoin's decentralized nature and fast settlement advantages will further promote its application in international trade, bringing convenience and benefits to global business activities.

Furthermore, as financial supervision becomes increasingly stringent and compliance requirements continue to increase, the legal demand for Bitcoin will gradually increase. Governments and regulators have begun to strengthen supervision and regulation of the cryptocurrency market, prompting digital assets such as Bitcoin to gradually move towards compliance and legalization. This will attract more traditional financial institutions and institutional investors to enter the Bitcoin market, drive its demand to grow steadily and promote the healthy development of the market.

In summary, the demand for Bitcoin will show a trend of diversification and sustained growth in the next eight years, and its role in finance, investment, payment and other fields will become increasingly prominent. As a revolutionary digital asset, Bitcoin will play an increasingly important role in the future financial landscape, leading the global financial system to a new era of digitalization and intelligence. Let us wait and see and witness the brilliant future of Bitcoin!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Recently, digital asset derivatives exchange ZUBR released a research report predicting that by 2028, the market's retail demand for Bitcoin will exceed supply. Not long ago, digital asset supporters just witnessed the third halving of the Bitcoin network, and the block reward was reduced by 50% after May 11, 2020, that is, each block reward dropped to 6.25BTC.

Before the third Bitcoin halving, the active supply issuance or inflation rate was about 3.8%. Today, this number is steadily declining, and Bitcoin's inflation rate is 3.51%.

The research report explains how the Bitcoin network will enter the "next reward era": "Since 90% of all Bitcoins have been mined, the remaining supply is estimated to take nearly 120 years to come to market." This shows that this digital asset has become extremely scarce

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Despite the current lackluster price action, which fluctuates around $9,000, multiple bullish factors point to significant growth in investor participation, including record growth in the number of Bitcoin whales, record highs in the number of wallet addresses with balances of less than 1 BTC, record highs in Bitcoin outflows from exchanges, and Bitcoin’s recent third-best second quarter performance ever.

There is increasing demand for Bitcoin from both institutional and retail investors. Despite the more than 50% drop in Bitcoin prices on Black Thursday, retail demand remains strong, and there has been no significant decline in the number of Bitcoins in wallet addresses associated with retail investors.

Data shows that in April 2020, there were more than 500,000 wallet addresses with balances of 1-10 BTC. ZUBR believes that by the time the next block reward era (aka halving) arrives in 2024, the retail sector could account for more than 50% of the physical supply. Currently, 900 new Bitcoins are mined per day, which is expected to drop to 450 by 2024. ZUBR predicts that by the time of the halving in 2024, retail demand could average more than 250 BTC per day, equivalent to more than half of the new daily supply.

Using data from analytics firm Chainalysis, ZUBR predicts that by 2028, demand for Bitcoin will exceed issuance. "Extrapolating future demand at this rate will change dramatically in 2028, when Bitcoin's supply rate will fall further and retail investors will begin to gobble up all the new supply."

During the financial crisis caused by the new coronavirus, the global gold market suffered from supply shortages and shipping delays due to work stoppages, which led to huge spreads in buying and selling prices. ZUBR believes that because Bitcoin is delivered electronically, it will not be restricted by these supply chains.

In addition, ZUBR also attributes Bitcoin's success over the past decade to value investors with long-term beliefs. These Bitcoin believers will invest regularly regardless of the price, creating a strong foundation for Bitcoin demand. ZUBR said: "Compared with gold and stock markets, Bitcoin is still in its infancy. But data shows that despite the sharp price fluctuations, believers in digital assets still firmly believe that it (Bitcoin) is a true value storage tool." It seems that long-term holding is king. Are you willing to be a firm believer in Bitcoin?