Analysis: Bitcoin's rebound ignites expectations of a "supercycle," with its market capitalization potentially reaching $16 trillion by 2030.

CoinFeed reported on May 5th, citing Forbes, that Bitcoin has rebounded approximately 30% from its recent low of $60,000, with market sentiment rapidly recovering. Many believe that driven by changes in the macroeconomic environment and policy expectations, the crypto market may be entering a new upward cycle. A recent report from ARK Invest predicts that Bitcoin's market capitalization could reach $16 trillion by 2030, with a compound annual growth rate of approximately 63% over the next five years, potentially accounting for about 70% of the crypto market. Simultaneously, the overall crypto market size may grow from the current approximately $2.8 trillion to $28 trillion. Cathie Wood previously stated that Bitcoin's price could rise to the $300,000 to $1.5 million range in the long term, primarily benefiting from its ability to combat fiat currency devaluation and the AI-driven deflationary environment.