This time's bull market in the cryptocurrency circle may be more fierce than the one in 2021.

We know that the bull market in 2021 started with currency issuance accompanied by Bitcoin halving. In 2021, there was more money in the market while Bitcoin production decreased, causing a sharp increase in Bitcoin price and other altcoins following suit.

In the coming year, possibly 2024, it could be characterized by Bitcoin halving + interest rate reduction + ETF + ETH upgrade.

1. Bitcoin halving is set in stone and is likely to start reducing supply around Q2 of 2024. Based on past experience, every halving inevitably brings about a major bull market, which this year could be an extremely large one.

2. Interest rate reduction will unlock a large amount of capital that has been locked up for several years; once released, it will inevitably lead to investment opportunities for Bitcoin.

3. Approval of ETF represents institutional funds being able to flow into the cryptocurrency circle through more channels, intensifying upward momentum. The probability of approval is quite high this time; however if rejected It won't affect the overall situation.

4. With ETH Kun Kan upgrade (ETH Layer-2 network), gas fees will significantly decrease—a great benefit for the entire Ethereum ecosystem—making more people aware of the charm of cryptocurrency and lowering entry barriers.

To sum up,

Although current trends are favorable, it's only just beginning—the big wave has not yet arrived. This waveof bull market may be stronger than any previous ones and will astonish countless people!