Financially bear and bull season The terms are used to describe the direction in which entities move. Bear season, prizes fell; bull season, prices increased It means.

Cryptocurrency markets are known for their high price changes. So when a new cryptocurrency bull season starts, almost all cryptocurrencies are in the market sharp may rise.

What is the bull season when cryptocurrencies increase hundreds of times?

The bullish term is a strong increase in price. Cryptocurrency market compared to the traditional market is small and the price changes are large.

So if a new cryptocurrency bull comes, cryptocurrency prices will crash within 1 or 2 days or just hours. 40% or more could increase.

However, the cryptocurrency market still exists A baby taking his first steps It is considered. Various events can start and end cryptocurrency bulls.

What Is Bitcoin Halving One of the Biggest Reasons for Cryptocurrency Bull Seasons?

One of the biggest events in Bitcoin and the entire blockchain world is elk 1 in 4 years happens Bitcoin halving is its effectiveness. This event was organized by Satoshi Nakamoto, the creator of Bitcoin. The source code of Bitcoin is written.

If you ask why Satoshi wrote such a code: Bitcoin halving reduces the rate at which new Bitcoins are mined. Bitcoin’s inflation rate is falling. This encourages the price to rise.

The last Bitcoin will be mined in 2140 and will never come to the market again. There will be no new Bitcoin.

During Bitcoin’s halving event, mining rewards will be reduced by 50%. This event last occurred in 2020, when the mining reward dropped to 6.25 Bitcoin. Bitcoin price from now on It broke a record by rising to $69,000 in 2021.

Predictions on when the big crypto rally that is expected to make a lot of people rich will happen:

No one knows exactly what will trigger the next cryptocurrency bull. Although Bitcoin’s halving is at the top of everyone’s predictions Another event can pull the trigger.

Will Bitcoin’s halving, which previously led to sharp increases, trigger a new bull start?

Bitcoin’s next halving event mid 2024 is expected to happen. Bitcoin rewards will drop to 3,125.

Historically, Bitcoin price spikes have been associated with halving events. a cycle of 4 years also moved. These cycles; A sharp decline occurs when prices stabilize and the price starts to rise while there is a short period before the event.

The Bitcoin price is generally affected by the halving 1 year later has risen to record levels.

Unfortunately, these past movements will affect the price of Bitcoin in the future. will rise Does not mean. Today, however, Bitcoin price has risen to $69,000 ATH (all-time high) after the latest bull season rally. makes a similar movement.

As Binance CEO Changpeng Zhao said a few months ago:“The year after Bitcoin’s halving is usually a bull year.” It should also be noted that he said and thus threw the game in favor of the halving event.

The claim that a new bull could emerge if even supermarkets accept cryptocurrency payments:

One of the developments that could trigger the next cryptocurrency bull is popularization of cryptocurrency payments it could be. Supermarkets, market chains, hotels and other similar businesses will one day do the same We receive cryptocurrency payments When they say that, the new bull season can begin.

If something like this happens, almost everyone will have to buy cryptocurrencies. However, such a development is currently underway It seems a bit far away. Perhaps the next bull season after 10-12 years will be caused by cryptocurrency payments. Who knows?

Could the bull run start with the introduction of laws such as taxes in the cryptocurrency markets?

Country governments have not yet fully legislated the cryptocurrency markets. Passing a law on cryptocurrencies essentially means that countries consider cryptocurrencies as real assets. whether he saw it or not It means.

There are two things that could happen with this prediction. Cryptocurrencies with a positive legal definition may rise. Prices with negative or very heavy taxes can fall or It can become stable.

Recently, the EU has made great progress on the cryptocurrency law called MiCA. We are in a period where cryptocurrencies are being deeply investigated by the US. Also in Turkey Tax on cryptocurrencies in 2024 His future was announced.

One of the strongest claims: what is Bitcoin ETF approval?

ETF, exchange rate fund resources. If a Bitcoin ETF is released, Bitcoin will be available to all kinds of investors without major risks like cryptocurrency stock market crashes. can be easily obtained And salable It will happen.

An exchange-traded Bitcoin fund, manager of the US financial market If approved by the SEC; that this approval is final 2024 Bitcoin is expected to emerge in 2018 and suddenly become an asset that everyone wants to buy.

The price of Bitcoin has risen slightly in recent weeks lift the head and with just months to go until the halving of Bitcoin, the new cryptocurrency bull It shows that this can happen in 2024.

So are events such as cryptocurrencies finding legality, global adoption, and companies switching to cryptocurrencies Could trigger a new cryptocurrency bull. But the most important thing everyone should be looking at right now is Bitcoin is the halving event.