According to the latest views of the Chief Investment Officer of a certain investment institution, once the demand for ETF purchases can maintain stable growth, Bitcoin is very likely to enter an accelerated upward phase.

How to understand this logic? You can look at the performance of gold in 2025 to understand. Simply put, the price trends of gold and Bitcoin both follow the same principle—the supply and demand relationship.

The mainstream market's understanding is that the rise in gold prices mainly stems from the continuous allocation demand from institutions and investors. The same logic applies to Bitcoin: when institutions continuously increase their allocations through ETFs, a large amount of capital flows in continuously, and with the supply of Bitcoin being relatively constant, it becomes easier for the price to experience nonlinear growth. This demand-driven model has been validated multiple times in history.