#比特币牛市预期分析 Looking back at history, I have witnessed too many ups and downs in the Crypto Assets market. The speculation about the potential impact of the Fed chair candidate sparking a Bitcoin bull run reminds me of the crazy rise in 2017. At that time, there were similar expectations that institutional funds getting on board would push Bitcoin to new highs.

However, the market is always difficult to predict. Even industry giants like Mike Novogratz can only speculate. Based on past experience, it is hard for a single factor to become the true "biggest catalyst." The price trend of Bitcoin is often the result of multiple factors overlapping.

However, the Fed's policy is indeed an important variable worth paying attention to. If, as Novogratz said, a "highly dovish" new chairman emerges, it may trigger a wave of speculative euphoria. But this kind of euphoria often comes with huge risks and may very well repeat the mistakes of late 2017.

As someone who has experienced multiple bull and bear markets, I believe we should focus more on the long-term development of Bitcoin. Fundamental factors such as technological advancements, the expansion of application scenarios, and the improvement of the regulatory environment are the true keys to determining Bitcoin's future. For investors, maintaining rationality and managing risks should always be the top priority. History tends to repeat itself, but each repetition is slightly different. We should draw wisdom from history rather than simply expecting it to repeat.