During the bull market in 2017, Bitcoin (BTC)’s annual growth rate once exceeded 100%. But since 2020, the market has gradually matured with the influx of funds from large institutions and governments.

According to Willy Woo, since 2020, the large-scale participation of institutional investors, Grayscale, and central banks of various countries has reduced the growth rate of Bitcoin to around 30% to 40%.

Recently, the price of Bitcoin has reached $107,000, just one step away from its all-time high of $109,000. However, the trend of Bitcoin’s growth rate stabilizing is becoming increasingly evident.

This trend suggests that Bitcoin is gradually transforming from a volatile speculative asset to a more mature "macro asset."

Willy Woo analyzed: "Bitcoin is no longer a mythical entity that can grow infinitely, but through the concentration of capital, it develops towards market equilibrium and becomes a formal asset with steady growth."

The future growth rate of Bitcoin may be linked to the development trends of the global financial system and macro-economy.

Willy Woo said: "The expected money supply expansion (about 5%) and global economic growth (about 3%) combined will result in a long-term growth level of about 8%."

Bitcoin’s dominance in the entire crypto market will exceed 90% in the next 15 years, and funds will accelerate the flow from altcoins to Bitcoin.

In terms of market size, the Bitcoin market is expected to expand to approximately US$10 trillion to US$50 trillion in the next 10 years.

As more and more "crypto asset billionaires" emerge, Bitcoin will further consolidate its status as "digital gold" and become a global reserve asset.

He noted that the volatility of the Bitcoin market cycle will gradually decrease and shift towards a stable means of storing value.