Bitcoin is approaching its halving, which is expected to occur in April 2024. The first chart shows the number of newly minted Bitcoins over time. A sharp decline in Bitcoin supply is observed in 2012, 2016 and 2020. This shows that approximately every four years the supply of Bitcoin decreases significantly.

In contrast, the approval of physical Bitcoin ETFs is considered one of Bitcoin's biggest bullish drivers and contributes significantly to increasing medium- and long-term demand.

The second chart shows the number of active wallets used to send or receive Bitcoin. This metric shows a steep uptrend, especially at the peaks of bull markets. The increase in active wallets indicates higher demand as more people transact with Bitcoin.

As a result, with economic and social issues such as decreasing supply, increasing demand and especially expected inflation, Bitcoin is likely to consolidate its position as a long-term emerging alternative investment asset.

There is a high probability that 2024 and 2025 will witness a bull market where value growth is expected.