Current Situation
Bitcoin(BTC) continues to break new historical highs in 2024, with the current price at $87.28K. Although there has been a slight correction in the short term (24-hour decline of -0.94%), the annual increase still far exceeds that of traditional assets. From the beginning of the year at $40,000 to now, BTC has achieved an increase of over 120%. This is not just a change in numbers but also reflects a fundamental shift in the role of digital assets in the global financial landscape.
Finding Patterns in History
To understand the current bull market, it is essential to review the major cycles BTC has experienced over the past 15 years:
The Awakening of 2013
Bitcoin first entered the public eye in 2013. That year, BTC surged from approximately $145 in May to $1,200 in December, a 730% increase. This rally was driven by several factors: the Cyprus banking crisis prompted investors to seek alternative assets.