In 2021, approximately 2.7 million Bitcoin were held in exchange reserves during the bull market peak, with Bitcoin trading around $69,000. Fast forward to three years later, reserves have dwindled to about 2 million Bitcoin, despite trading prices nearing historical highs. The recent halving event has effectively halved the potential new supply from miners, making it less likely for new Bitcoin to enter the market through sales.

Furthermore, the U.S. dollar is experiencing observable depreciation. Market behaviors suggest that the Federal Reserve might reverse its quantitative easing measures and consider a rate cut, indicating an adaptation to high inflation rates in the U.S. economy.

The key factor to consider is supply and demand. Given the current market conditions, it's becoming increasingly challenging for individuals to accumulate even a single Bitcoin, making it a primary investment goal. Observing these market trends, it's likely that time will reveal the strategic advantages of maintaining Bitcoin holdings. Written by Kirill Evans.