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[davis196]

1.The impact of the BTC halving was pretty much wasted after the last summer.However,the expectations for the Bitcoin price growing rapidly several months after a BTC halving(just like in 2012 and 2016) are about to become true.
I think that we could combine those 6 fundamental reasons into 3:
1.Risk seeking investors bought Bitcoin,because they saw the potential profits.
2.Some institutional investors and big corporations bought Bitcoin for the reason stated above.
3.Money printing and stimulus packs pumped more paper money into the global economy and a portion of those money are used by the people to buy Bitcoins.

[Charles-Tim]

Because of halving, many investors later investing in bitcoin, bitcoin price increase even started some days before 2020 halving. The institutional interests can also be linked to halving as they could have been looking for perfect time to invest which they know after halving would be good as fomo increases. I also believe in everything in your article aside DeFi. Only the wrapped btc, renbtc and some tokens like that could have effect on bitcoin price, and the DeFi projects that have such effect only contribute less than $3 billion to bitcoin marketcap, bitcoin now at $342 or more marketcap. Some people would have even transferred their bitcoin to DeFi like wbtc because they just want to invest in bitcoin and want to take advantage of active income, but if not such, they could have just left their bitcoin holding alone, but not all will be the case. But, see bitcoin helping ether becaue as people are investing in these DeFi projects like wbtc and renbtc, it is increasing the price of ether more, and I think we should see it that way because bitcoin does not depend on DeFi projects but many DeFi projects are depending on bitcoin. Although, these DeFi projects like wbtc increase the marketcap/price of bitcoin, but very negligible, but does more to ether marketcap/price.

[fillippone]

Just a quick word on the explosion of Open Interest on CME.
It is quite natural that the Open Interest skyrockets toward new highs when BTCUSD is toward new Highs too.
All those metrics related to bitcoins should be measured in bitcoins, in my humble opinion.
Every metric related to bitcoin should undergo a change of numeraire and be measured in Bitcoin, instead of dollar. If I have a long position of one bitcoin to hedge an opposing underlying position of the same amount, the best way to reconcile everything is looking at the "stable" measure of bitcoins.
I made a similar reasoning here.

Otherwise, very good thread, as always. Momentarily dry of Merits, will provide when replenished.

[Smartprofit]

Everything is written very clearly and to the point.  I would add that bitcoin is a virtual digital currency. 

The general trend of the next decade is digitalization and the development of virtual space.  The Covid-19 pandemic has confirmed these trends.  Bitcoin is trending so it is a great asset to invest in. 

In 2017, many investors did not take Bitcoin seriously.  How can a virtual asset be taken seriously?  An asset is a real object, for example, gold, oil, diamonds ...

For three years, people realized that our world is becoming more and more virtual.  The mentality of people has changed. 

It has now become easier for people to understand the meaning of bitcoin.

[ropyu1978]

why bitcoin is more developed, because bitcoin is more popular because of the exposure of many parties to the currency, what makes bitcoin a good position is, because it has already been known by consumers and has more exposure from the media, and the results are real. bitcoin will continue to grow and more and more people are investing in bitcoin ..

[Wind_FURY]

OP, good topic, and very educational for newbies! Sorry, I’m probably nit-picking, but simply “growth”/the “scaling out” of the network is not equal to “price-growth”. BUT, it does equal to growth in hashing power. It’s probably good to point out the difference.

[bosede1]

How I wish we know the future because as of when you wrote this thread I don't think bitcoin is quarter its price now. The fundamental reason is quite correct and that is what we see all over now in the crypto market well research and arranged.

[Stevcummings]

why bitcoin is more developed, because bitcoin is more popular because of the exposure of many parties to the currency, what makes bitcoin a good position is, because it has already been known by consumers and has more exposure from the media, and the results are real. bitcoin will continue to grow and more and more people are investing in bitcoin ..

Bitcoin has a global character and could circulate freely across borders and it’s also pretty easy to use, as only the software installation is required instead of many administrative steps present in regular financial ecosystem and is traded electronically, which additionally facilitates its adoption. So the fact that Bitcoin network itself has no expiration date as there's no entity that is responsible for the existence of Bitcoin. As long as people are eager to use the Bitcoin network, it will keep on working and climbing higher.