I can tell you for sure that the bull market has arrived, don’t doubt it. it's coming

A few arguments give you reasons:

1. Cost

With the upcoming halving, the mining cost of the pie will directly rise to 3-4W US dollars per coin. In fact, the cost is still dynamic, involving mining machine updates and difficulty increases, depreciation, etc.

If 40,000 is the cost, is the price only 40,000? Are miners willing or able to keep mining for 2 years without making much money?

Time, money, equipment loss, and competitive pressure are all costs! They will push it up

2. Narrative

For the halving alone, a strong narrative is enough. The currency circle only needs this narrative to stimulate capital to start its hype. History has already told you the answer.

3.ETF

Why do so many people say that the adoption of ETF is a real benefit? The SEC has always been very reluctant to see the big pie, but it has to pass it even if it pinches its nose. There is no other way. Market funds need a new place to take over, and BTC is a perfect container. This means that traditional finance finally has a serious entrance to participate in BTC. You cannot imagine the power of institutions. You can take a look at how much money has been purchased through several ETF institutions recently. This is just the beginning.

4. Economic cycle

The cause of the last bull market was the unlimited QE in the United States. There was too much money in the market. The fundamental reason for the bear market was also the increase in interest rates and the shrinking of the balance sheet. All the money flowed back to eat interest. The United States can't bear it anymore. The debt is so high and the interest rates are high! Interest rates will be cut this year. We just need to know that a cut in interest rates will release a large amount of money stored in the Federal Reserve to earn interest. This money cannot be idle there. It will find places to invest everywhere, and the currency circle is the best carrier.

To sum up, the foundation of the bull market and the fundamentals of the bull market are completely established.