Online reports that according to Blockware Bitcoin analyst Mitchell Askew, Bitcoin will no longer experience a "parabolic" surge or a "devastating" bear market because the launch of the Bitcoin Spot ETF has permanently reduced volatility and changed market dynamics. "BTC/USD before and after the launch of the ETF are almost like two completely different assets," Askyu wrote on Friday. The chart he shared shows that Bitcoin price volatility has weakened significantly since the launch of the U.S. Bitcoin ETF in January 2024. "The era of parabolic bull markets and devastating bear markets is over," the analyst said. In the next ten years, Bitcoin will steadily move towards US$1 million with a cyclical fluctuation of 'up-consolidating'. This journey will be extremely boring and will wash out all 'tourists'."