The Distinct Differences of the 2025 Bitcoin Bull Market
Renowned podcaster and YouTuber, Luke Mikic, recently highlighted the unique characteristics of the upcoming 2025 Bitcoin bull market compared to previous ones in 2017 and 2021. Here are the three key reasons that set the 2025 bull market apart:
1. The Hash Rate Race: Nation States Enter the Fray
– The Bitcoin network hash rate has skyrocketed, reaching a record-breaking 414 EH/s, despite energy challenges and rising electricity costs.
– Nation states like El Salvador, Bhutan, and Oman have started publicly and potentially privately mining Bitcoin, aiming to diversify their economies and promote renewable energy initiatives.
2. Supply Suffocation
– Unlike previous bear markets, the current scenario shows a decrease in the number of coins on exchanges, with only 5.8% of Bitcoin now on exchanges, the lowest since December 2017.
– Bitcoin’s Exchange Depositing Transactions have reached a 5-year low, indicating a supply deficit that stimulates growth.
3. The Great Wall Street Accumulation
– The BlackRock Bitcoin spot ETF application marks a significant moment for Bitcoin’s mainstream adoption, allowing trillions of capital to invest in Bitcoin.
– BlackRock’s entry could bring unparalleled legitimacy to the Bitcoin market and attract new retail and institutional investors.
In conclusion, the 2025 Bitcoin bull market is expected to be unique, with nation states joining mining efforts, a supply shock, and Wall Street giants showing interest. Luke Mikic emphasizes that the market is yet to fully realize the bullish potential.
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