Bitcoin Leads Bull Run, Forget Memecoins: NBX Warsaw

Bitcoin, rather than memecoins, is expected to remain a significant driving force in the current bull run, largely due to Bitcoin exchange-traded funds (ETFs) and the upcoming halving event. This insight was underscored on the first day of the Next Block Expo in Warsaw, where notable industry insiders dissected major trends influencing the present market cycle.

Adrian Zduńczyk, the founder of the trading education platform The Birb Nest, emphasized that historical data from previous Bitcoin halvings suggests considerable potential for Bitcoin’s price appreciation leading into 2025. He pointed out that from 2011 to the peak of 2013, Bitcoin experienced a 9,000% increase in price. Zduńczyk also noted that Bitcoin bull runs in 2017 and 2021 resulted in 3,000% and 700% gains, respectively. He asserted that these historical patterns make Bitcoin a core indicator of market performance, stating, “Those are the facts. There’s no way to refute that. Bitcoin halving history has brought a massive price rise. Hence relying on the facts, the data is very favorable.”

Ben Yorke, the ecosystem vice president at WooX, underlined the significance of regulatory clarity around Bitcoin. He cited the approval of Bitcoin ETFs in the U.S. and Hong Kong as evidence of institutional and governmental validation. This regulatory green light makes Bitcoin an attractive investment opportunity, particularly for younger generations globally. “It makes it a very attractive proposition to young people around the world,” Yorke remarked.

Addressing criticisms about Bitcoin’s utility, Yorke mentioned that the proliferation of the Lightning Network and other functionalities enabling users to maintain full custody of their Bitcoin would eventually extinguish these arguments. He noted that the last decade has seen substantial infrastructure development, and once applications like Lightning gain widespread use, critics of Bitcoin’s utility will have little ground to stand on. “For the last ten years, we’ve been building a lot of infrastructure with applications like Lightning. Once these applications take off, the utility naysayers will have very few places to hide,” he said.

Zduńczyk also highlighted the strategic timing of regulatory approvals for Bitcoin ETFs, aligning with seasonal investment patterns. He explained that summer months often boost market performance of indices like the S&P 500 and the Nasdaq. This seasonal trend has coincided with institutional demand and the establishment of legal infrastructure, facilitating the involvement of large pension funds and central banks in the Bitcoin market starting from 2025. “The ETFs nicely aligned because there was demand from the institutions and there was a legal infrastructure,” Zduńczyk noted.

Zduńczyk pointed to historical trends around U.S. presidential elections influencing financial markets, suggesting that these trends could also positively impact Bitcoin’s performance. He observed that traditional market performance improvements around election periods have historically spilled over into the Bitcoin market.

Another critical aspect discussed at the expo was the influence of Bitcoin’s upcoming halving. The halving event, which reduces the reward for mining new blocks by half, has historically led to significant price increases due to decreased supply and sustained demand. Speakers at the expo consistently highlighted how previous halvings have driven substantial gains and suggested that the next halving will likely follow a similar pattern.

The consensus among experts at the event was that Bitcoin’s fundamental characteristics and historical performance patterns make it a dominant force in the current market. With regulatory clarity, institutional interest, and the upcoming halving, Bitcoin’s trajectory appears favorable. This sentiment was echoed throughout the discussions, emphasizing Bitcoin’s strong position in the market despite the rise of other digital assets and memecoins.

The Next Block Expo in Warsaw shed light on the crucial role of Bitcoin in the current market cycle. Industry insiders presented a bullish outlook based on historical data, regulatory developments, and strategic market trends. As the market continues to evolve, Bitcoin’s influence is expected to remain significant, driven by its established history, regulatory support, and upcoming halving events.