Matrixport: Multiple potential threats could derail current Bitcoin bull run

Matrixport publishes a weekly report that identifies several potential threats that could derail the current Bitcoin bull run. One notable concern comes from BlackRock, which said there is "no guarantee" that Bitcoin's 21 million supply cap will remain in place due to the decentralized nature of the Bitcoin protocol Recent developments, such as Google’s announcement of its 105-qubit quantum chip, have reignited discussions about the potential long-term threat of quantum computing to Bitcoin’s security. While this technology is still in its infancy and lacks the scale and stability to directly undermine Bitcoin’s cryptographic defenses, the theoretical risks are worth paying attention to. Fed members have recently raised their inflation expectations. The change is driven more by political considerations than by factors such as economic growth or supply bottlenecks, as was the case during the COVID crisis. Specifically, concerns that Trump may impose additional tariffs - which economists generally view as inflationary - appear to be weighing on their expectations. However, during Trump’s first term, these tariffs had only a minimal impact on inflation. That suggests the Fed's inflation expectations may not be entirely consistent with current economic realities, which could create room for flexibility in setting policy in the coming year. Based on past experience, Bitcoin bull markets tend to peak when regulatory pressure reaches a critical point. With most of the regulatory unresolved issues appearing to be resolved, marked by the SEC’s approval of a Bitcoin spot ETF, the risk of this Bitcoin bull run ending may depend on other factors.