Report: 4 reasons for long-term growth in Bitcoin prices

Recently, Delphi Digital (a research organization focusing on the digital asset market) released a new quarterly report, which mentioned four important reasons why the price of Bitcoin will continue to grow in the long term.
1. Long-term holders of Bitcoin <br />According to published research, most of the Bitcoin selling comes from short-term holders. This trend means that it will not affect long-term Bitcoin believers.
A market report provides a UTXO analysis showing that short-term Bitcoin holders traded during Bitcoin’s Q2 price recovery, during which the price of Bitcoin rose from $4,000 to $13,000.
The method used by Delphi Digital is based on the UTXO transaction output data included in Bitcoin transactions. Every time Bitcoin is sent, the network creates a new UTXO. It points to the specific transaction block that was first added to indicate the time when Bitcoin was last transferred. Conversely, investors usually buy when the price falls. The growth of the accumulated UTXO value represents the holdings of the entire market.

According to the Bitcoinist report, the unaffected supply of Bitcoin has reached a new high of 21.6%. Long-term holding and loss of Bitcoin have resulted in a total supply of Bitcoin of only 21 million at most, thus creating better scarcity and making each Bitcoin more valuable.
2. The positive impact of moderate monetary policy on Bitcoin prices
Delphi Digital also stressed that dovish monetary policy will boost Bitcoin prices in the long term.
With the global economy developing slowly and inflation moderate, major banks around the world have begun to cut interest rates. The US Federal Reserve Board cut interest rates by 25 basis points this week, the first time in a decade, but inflationary pressures remain difficult to curb.
These monetary policies create liquidity, which in turn sees more money flowing into Bitcoin, driving up its price.

3. Global economic recession
Risks to the U.S. economy are rising rapidly as monetary policies of major banks increase the risk of an impending global recession, according to analysis.
There is no historical context for bitcoin prices during this period, but the team at Delphi Digital says gold provides a valid comparison, with Delphi Digital saying that gold tends to rise when actual investment benefits are realized.
And now the 10-year U.S. Treasury bond investment curve is inverting, a known precursor to a recession.
4. The safe-haven asset status will push up the price of Bitcoin . In this bleak economic period, Delphi Digital believes that Bitcoin can be seen as a safe-haven asset. In the short term, the increase in liquidity will lead to a large amount of funds flowing into the Bitcoin market and other assets.
However, when the mainstream market began to shrink, some smart investors chose to enter the Bitcoin market to fight against the instability of the mainstream market. Another report excerpt is as follows: If Bitcoin can correspond to digital gold, its stability will be loved by investors, especially when the FAANG category becomes more crowded. Overall, Bitcoin is the global asset with the greatest potential.