It may pull back a little here, but long-term, the rise is sustainable in my view.
This. More and more people realize block halving which BTC ll face in July next will permanently half BTC supply. This is gonna push BTC up big time and this price growth might easily generate snowball effect.
Last big price jump over 1k was purely speculative. This one s different, it s based on actual supply and demand for crypto.
It's not going to halve the bitcoin supply, rather it will be halving the block reward (i.e. bitcoin production.) The same Bitcoin amount will be produced, it will just take a longer time to produce it.