Bitcoin, as the leader of the cryptocurrency market, has always attracted the attention of investors. Recent trends show that Bitcoin is brewing a large-scale bull market. This sign not only excites investors, but also attracts the attention of the global financial market. So, why will Bitcoin usher in the next large-scale bull market? Let's explore it in depth.

Bitcoin's price fluctuations have always attracted much attention, and investors are always paying attention to market trends. Recently, Bitcoin prices have continued to rise, breaking through unprecedented highs. This continuous upward momentum makes people wonder if Bitcoin is preparing for the next large-scale bull market?

The cryptocurrency market has always been a field full of variables and risks. Bitcoin's price fluctuations are huge, and investors need to be vigilant at all times. However, it is this market uncertainty that gives Bitcoin huge investment potential. With the increase in global economic turmoil and uncertainty, more and more funds are pouring into the cryptocurrency market, and Bitcoin, as the cryptocurrency with the highest market value, has naturally become the first choice for investors.

Bitcoin's technical advantages are also an important reason for its popularity. As the first application of blockchain technology, Bitcoin has unique advantages in decentralization, anonymity and security. With the continuous development and improvement of blockchain technology, Bitcoin's application scenarios are also expanding, attracting more and more institutional and individual investors. This technological advantage lays a solid foundation for the future growth of Bitcoin.

In addition to its technological advantages, the scarcity of Bitcoin is also an important reason for its rising value. According to the design of Bitcoin, its total amount is limited to 21 million, which means that Bitcoin will never be over-issued. In contrast, traditional currencies are at risk of inflation, and the scarcity of Bitcoin makes it an ideal value storage tool. As central banks around the world continue to print money, the appeal of scarce assets such as Bitcoin becomes more and more prominent.

From historical data, Bitcoin's bull market is often accompanied by increased global economic uncertainty. The financial crisis in 2008 was the background for the birth of Bitcoin, and the surge in Bitcoin in 2017 also occurred against the backdrop of global economic turmoil. Today, the global economy is facing many challenges, and factors such as the epidemic and trade war have made the market full of uncertainty. In this context, investors are looking for safe-haven assets, and Bitcoin, as a decentralized and scarce digital gold, has naturally become the first choice for investors.

In general, it is no coincidence that Bitcoin is preparing for the next large-scale bull market. Multiple factors such as technological advantages, scarcity, and global economic uncertainty have jointly driven the price of Bitcoin to continue to rise. Investors need to remain vigilant, but also seize opportunities and keep up with the pulse of the market. The future of Bitcoin is full of infinite possibilities. Let us wait and see and witness the next glorious moment of Bitcoin!

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Bitcoin is preparing for the next massive bull run, Bloomberg wrote in a newly released report. The report, titled "Bitcoin, born in the financial crisis, is maturing faster," said the market is maturing and if history is any guide, the price of Bitcoin will gain momentum.

The report said, "We believe that the stock market shock will temporarily drag down Bitcoin, but the results are more reminiscent of gold after the 2008 financial crisis. This year is a key test for Bitcoin's transition to quasi-currencies such as gold. Although Bitcoin has been hit, it has also stabilized its foundation amid unprecedented global monetary stimulus and increased adoption. The pricing reset of major quasi-currencies and this year's stock market shocks support the appreciation of Bitcoin and gold prices."

The report pointed out that Bitcoin will recover with relatively strong momentum after the trough. Bitcoin's 2020 low remains above the 2018 low, while the S&P 500 fell below its low two years ago a month after breaking through its all-time high. The global demand destruction caused by the coronavirus is similar to that of 2008-09 and 2000-02, but the duration and year-over-year increase are much greater.

The report emphasizes that "Bitcoin and gold will also be the main beneficiaries of unprecedented monetary stimulus policies, accompanied by a rebound in the stock market."

Bitcoin is the most important cryptocurrency, and Bloomberg said in the report that the new crown epidemic distinguishes Bitcoin from other cryptocurrencies. In the first quarter of this year, Bitcoin rose nearly 40%, while the Bloomberg Galaxy Crypto Index fell about 13%, and the decline of other cryptocurrencies seems to be more persistent.

The correlation between Bitcoin and gold once fell during the stock market crash this year, but it has now risen to a record high, and unprecedented quantitative easing policies in various countries are supporting quasi-currencies. The report said, "Stock market volatility has accelerated Bitcoin's transition to gold. We believe that this year will confirm that Bitcoin has transformed from a risky speculative asset to gold in the crypto market.

From a volatility perspective, the decline in Bitcoin volatility and the increase in stock market volatility will also accelerate this. Bitcoin's correlation with gold is already at its highest level in 10 years. Bitcoin's correlation with gold is about twice that of stocks. Bitcoin's maturation from speculative appreciation to a value storage mechanism similar to gold will continue."

The report believes that another factor that promotes Bitcoin's maturity is the listing of crypto derivatives such as Bitcoin futures. Futures "tame the wild Bitcoin bulls", which is also part of Bitcoin's transition to gold. The increase in futures open positions and trading volume represents an increase in application rate and will drive prices higher.

During the stock market turmoil, the increase in futures open positions, the decline in volatility and the relative outperformance all indicate that Bitcoin is moving from a speculative crypto asset to digital gold. In a year, Bitcoin has risen by about 40%, while the S&P 500 has fallen by 15%. In terms of the trading volume of Bitcoin futures, the trading volume of CME Bitcoin futures contracts increased by about 120% year-on-year in the first quarter, reflecting the maturity of the market. The emergence of listed options trading indicates that there are more mainstream applications. This also supports the view that the report is optimistic about the Bitcoin bull market.

The report believes that another bullish factor for Bitcoin is on-chain indicators. Although affected by the new crown epidemic, the on-chain indicators of the Bitcoin blockchain still support the price. Indicators including used addresses and adjusted transaction volumes show that Bitcoin has a solid foundation. The halving of block rewards in May will provide additional impetus for Bitcoin's price.