#美联储降息预期升温# Bitcoin's long-term price increase is supported by multiple factors, and market predictions are generally optimistic about its future. Asset management company Bitwise expects Bitcoin could reach $1.3 million by 2035, indicating a compound annual growth rate of 28.3% over the next decade. At the same time, Coinbase CEO Brian Armstrong and ARK Invest founder Cathie Wood also hold optimistic views, predicting Bitcoin prices will hit $1 million and $1.5 million by 2030, respectively.

The continuous entry of financial institutions constitutes the core driving force behind the rise of Bitcoin. Asset management giants like BlackRock are continuously increasing their holdings, with corporate purchases significantly rising, expecting a quarter-on-quarter growth of 35% in the second quarter of 2025. Bitcoin, as an asset to combat inflation, continues to attract capital inflows.

The intrinsic scarcity of cryptocurrencies has become a key factor in the rise of their value. Currently, 94.8% of the Bitcoin supply is in circulation, and the annual new production is decreasing year by year. Moreover, it is worth noting that about 70% of the circulating supply remains inactive for the long term, and this supply-demand imbalance naturally drives up its value.

Technological innovation has laid a solid foundation for the Bitcoin ecosystem. Second-layer solutions like the Lightning Network have significantly improved the transaction experience, while the continuously enhanced blockchain interoperability expands the application scope of the entire ecosystem, injecting technological vitality into the long-term growth of Bitcoin.

However, the regulatory environment remains the biggest risk factor. There are significant differences in the policies of various countries regarding digital assets, and sudden tightening measures pose the greatest uncertainty for the future development of Bitcoin.

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