In 2024, Bitcoin ushered in a bull run after the approval of spot ETF, and the trend throughout the year experienced three major phases: strong upward movement, brief correction, and historical new highs. Against the backdrop of the continuous maturity of the Bitcoin ecosystem, the long-term layout of institutional investors has boosted market confidence. The fourth halving of Bitcoin further strengthens its scarcity, reducing its annual inflation rate to 0.9%, lower than the long-term supply growth rate of gold, further solidifying its status as 'digital gold.' Based on institutional forecasts, by 2030, the price target range for Bitcoin will be between 300,000 and 1.5 million US dollars, with the specific increase depending on the degree of institutional adoption, macroeconomic policies, and market liquidity. However, Bitcoin still faces risks such as macro environment, regulatory policies, and structural fluctuations in the market. Investors need to pay attention to market dynamics, devise reasonable inves