Categories: NFTs

Why Utility Will Decide Bitcoin’s Next Bull Run



Bitcoin’s price has been anything but steady over the years. Hype, speculation, and investor sentiment have all played their part in driving up and crashing its value, but 2025 is shaping up differently. This time, the momentum behind Bitcoin isn’t just about big promises or bold headlines. It’s about how people are actually using it.

Bitcoin Ownership and Use Around the World

Over 560 million people now hold some form of cryptocurrency. Bitcoin accounts for more than half of that, with around 320 million users globally, roughly 4% of the population. Still, the adoption story isn’t the same everywhere. Vietnam leads the pack, with over 21% of its population using crypto, followed by the U.S., Iran, the Philippines, and Brazil.

In economies under pressure, Bitcoin is being used as a way to protect personal savings or send money abroad without high fees. In more stable countries, it’s becoming part of broader financial routines, whether that’s investing, spending, or saving.

By mid-2025, there were an estimated 200 million Bitcoin wallets in use. About 400,000 of those are active every day, and more than 50 million people trade Bitcoin regularly. That’s not just casual holding, but daily interaction.

The online gambling space reflects this shift clearly. Bitcoin now makes up over half of all crypto transactions on these platforms. Remote gambling expert Wilna van Wyk notes that players prefer it for fast deposits, quick withdrawals, and added privacy (source: https://casinobeats.com/online-casinos/bitcoin-casinos/). 

Bitcoin as a Store of Value

Bitcoin’s hard cap of 21 million tokens is what sets it apart from traditional currencies. Governments can print money. Bitcoin, by design, cannot be inflated. In countries like Argentina, Iran, and Turkey, where savings are regularly eaten up by inflation, Bitcoin has become a safety net. Like gold once was, it’s being used to preserve value.

That role has started drawing attention from institutions. BlackRock and others have launched Bitcoin ETFs. Some companies have gone as far as adding it to their balance sheets. For Bitcoin, this kind of participation brings more than just funding. It brings a level of structure and confidence that didn’t exist in the early days.

Retail holders are shifting their behaviour, too. Data shows more Bitcoin is being moved into cold storage and left untouched. That suggests fewer short-term trades and more long-term thinking, a sign that people are starting to treat Bitcoin like something to hold on to.

Bitcoin in Everyday Use

Peer-to-Peer Payments

Sending Bitcoin across borders has become more practical. In many cases, it’s both faster and cheaper than traditional remittance options, especially in areas where banks are unreliable or fees are high.

Spending BTC

While Bitcoin still isn’t widely accepted for everyday purchases, the list of merchants is growing. Some travel companies and online retailers now accept it at checkout, giving users more ways to spend directly.

The number of services that allow Bitcoin users to exchange their coins for gift cards and mobile data has increased. People are adopting Bitcoin for everyday purchases, which represents a fundamental change in how they use this cryptocurrency beyond price speculation.

Blockchain Use Supports Bitcoin’s Ecosystem

The Bitcoin blockchain system operates in the background to demonstrate its value in multiple domains beyond cryptocurrency markets. The practical applications of blockchain technology include supply chain tracking, digital identity verification, and data management, which operate without visibility. The underlying system performs real operations that enable users to develop trust in its functionality.

Decentralised finance, or DeFi, is another part of the picture. Users can perform lending and borrowing operations and earn returns on their Bitcoin assets through this system without requiring bank involvement. The experimental nature of this system has evolved into a standard method for people to handle their finances outside conventional banking structures.

Supply Constraints and the Halving Effect

The Bitcoin reward system performed its scheduled adjustment during April 2024. The network experienced a halving event, which reduced miner rewards by 50% through a reduction in new Bitcoin creation. The reduction in new token supply does not match the consistent or increasing demand for Bitcoin. The historical price increase occurred because of this supply-demand imbalance.

The current supply of Bitcoin stands at its most restricted point in history. The total Bitcoin supply that will exist forever has reached 95% of its maximum amount. The remaining Bitcoin supply amounts to a minimal fraction of the total. Most people don’t own any Bitcoin at all.

Institutional Investment Demand

In the U.S., more institutions are putting Bitcoin on their radar. Surveys show that 64% of them plan to commit at least 5% of their portfolios to digital assets, and Bitcoin is almost always the starting point.

ETFs are playing a big part. In 2025, Bitcoin ETFs are expected to attract over $55 billion, a significant rise from last year. These products give traditional investors an easy way to get exposure to Bitcoin without handling it directly. 

Some governments are adding Bitcoin to national reserves or supporting local mining efforts. This doesn’t just signal interest, but suggests a growing belief that Bitcoin is here to stay.

Better Infrastructure, More Accessibility

Getting into Bitcoin is easier than it used to be. Exchanges and apps have come a long way, offering smoother interfaces and stronger security. For newcomers, this makes the whole experience less daunting and more straightforward.

Mining activity in regions like rural parts of the U.S., for instance, is seeing more operations set up. These centres don’t just keep the network running, they’re also creating jobs.

On the technical side, Bitcoin continues to improve. A recent update increased the size limit for data in each transaction to 4MB. This change is opening the door to features like NFTs, smart contract layers, and other on-chain tools that weren’t possible before.

Education and support are also expanding. From mobile-friendly platforms to physical locations offering Bitcoin services, access is becoming more inclusive.

Regulations Are Changing

Regulation has always been a sticking point for crypto adoption. In 2025, that’s starting to change. In the U.S., rules have been relaxed in some areas, and new legislation, including the Genius Act, is making it easier for banks to work with digital assets. Regulators like the SEC are showing a more measured approach.

The EU has moved forward with its MiCA framework, giving companies and investors more legal certainty. Other nations like Switzerland, Singapore, and the UAE are taking steps that make them more welcoming to crypto businesses. These shifts are helping both institutions and individual users feel more secure in their decisions.

Price and Sentiment

In June, Bitcoin was trading between $109,800 and $110,000. Market analysts believe it could hit $123,000 by mid-month, with some projecting a climb to $138,900 by the end of June. The current price is holding above key technical levels, and sentiment remains strong.

The Fear & Greed Index is sitting between 65 and 71, positive, but not overhyped. Broader economic signals are also in Bitcoin’s favour. There’s growing speculation that the Federal Reserve will cut rates, and assets like Bitcoin tend to draw attention.

Disclaimer: This is a paid post and should not be treated as news/advice.  



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