According to CoinMeta, in the long run, there are three major factors driving the growth of Bitcoin, including government deficits, the widespread use of blockchain applications, and changes in investment portfolio preferences. Grayscale predicts that Bitcoin's adoption will continue to expand after the latest bear market, and these factors may deepen the integration of Bitcoin with traditional finance. Despite short-term price volatility, Grayscale believes that Bitcoin's adoption can still continue to rise.