What is the Bitcoin Supercycle? Check out the explanation here

Bittime - Bitcoin, as the world's leading cryptocurrency, has experienced various price cycles and volatility since its launch. Recently, the term “Bitcoin Supercycle” has emerged in discussions about Bitcoin's future potential and its impact on global markets. 

This article will discuss what the Bitcoin Supercycle is, the factors that influence it, and how it may impact Bitcoin investment and adoption.

What is the Bitcoin Supercycle?

Bitcoin Supercycle is a concept that refers to a market phase where Bitcoin experiences very significant and sustained price growth, surpassing previous market cycles. 

This concept is often associated with a series of factors that can trigger a drastic spike in Bitcoin prices. This includes increased institutional adoption, supportive government policies, and the push of recently launched Bitcoin ETFs.

Read also: What is a Banana Gun? Telegram Crypto Bot Listing on Binance July 20

Factors Influencing the Bitcoin Supercycle

There are several factors that influence the Bitcoin Supercycle, namely as follows.

1. Political Withdrawal from the Crypto Industry

According to a recent report from non-profit watchdog group Public Citizen, the crypto industry has poured huge amounts of money into this year's elections. 

With contributions of over $146 million from major companies like Coinbase and Ripple, the crypto industry is showing how serious they are about influencing policies that support crypto development. 

This includes investments in Super PACs like FairShake, which supports crypto-friendly candidates from both political parties.

2. Institutional Acceptance and Bitcoin ETFs

One of the main drivers of the Bitcoin Supercycle is its increasingly widespread acceptance by large financial institutions and the launch of Bitcoin ETFs. 

BlackRock, for example, launched a Bitcoin ETF that recorded the largest successful launch in history. 

These ETFs allow institutional investors to enter the Bitcoin market with more managed risk, which encourages further investment and supports Bitcoin prices.

3. Adoption and Regulation

Supportive regulations and wider adoption by various parties, including financial institutions, also play an important role. 

As more companies and individuals start investing in Bitcoin, the price could spike significantly. Supportive regulations, such as policies that make it easier to launch Bitcoin-related products, could also speed up the supercycle.

Bitcoin Supercycle Impact on Investments

The Bitcoin supercycle has had an impact on investment, including the following.

1. High Profit Potential

For investors, Bitcoin supercycles offer significant profit potential. With Bitcoin prices possibly surpassing previous record highs, investors who buy in the early stages of this cycle have the potential to make huge profits. 

However, it is important to remember that investing in Bitcoin remains risky, and the market can fluctuate.

2. Increased Global Adoption

A Bitcoin supercycle could also drive wider global adoption. With more institutional and individual investors involved, as well as supportive policies, Bitcoin could become more integrated into the global financial system. 

This could strengthen Bitcoin's position as a significant investment asset and increase its use as a means of payment.

Conclusion

The Bitcoin Supercycle is an interesting phenomenon for investors and crypto market observers. With encouragement from political spending, institutional acceptance, and supportive regulations, Bitcoin has the potential to experience a significant price surge. 

Despite the potential for large profits, investors must be aware of the risks and fluctuations that may occur. Understanding the factors that influence supercycles can help investors make better decisions about investing in Bitcoin.

Don't miss out on following the latest developments regarding Bitcoin and other crypto markets to take advantage of future investment opportunities.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.