With the relatively fixed supply of Bitcoin, demand is soaring. Institutional investors, companies like MicroStrategy, and even potential purchases by the US government are driving the development of the Bitcoin market. As only a small portion of the total 21 million Bitcoins remain to be mined, scarcity is intensifying. Although the bullish logic based on supply and demand is not new, the emergence of new financial products such as spot ETFs, derivatives, and credit products is reducing people's perception of risk and volatility. This could attract more risk-averse investors and potentially lead to a significant increase in Bitcoin prices, with some forecasts even pointing to $250,000.