Yi Jing reported on September 27 that the Bitcoin and cryptocurrency markets are about to usher in significant bullish momentum, driven by the Federal Reserve’s recent 50 basis point interest rate cut, China’s vigorous stimulus, and global liquidity injection.

China’s central bank has announced a significant increase in liquidity, and Bitcoin, a historically strong beneficiary of these trends, appears poised for exponential growth as cheap capital floods global markets. Past cycles have shown a correlation between surges in global liquidity and Bitcoin price movements.

Major financial institutions such as BlackRock and Fidelity are investing in Bitcoin-backed products, while countless other banking institutions have begun to adjust their roadmaps to include Bitcoin products, indicating that institutional confidence in the cryptocurrency market is growing. Since the launch of the Bitcoin spot ETF in Q1, major players have begun to follow suit, contributing to fundamental signals of the bullish phase. In addition, cryptocurrency industry insider Kelly Kellam analyzed that China’s plan to inject 1 trillion yuan ($142 billion) into its largest bank will further boost liquidity in global markets and set the stage for 2025. The foundation is set for a massive parabolic bull trend wave that ends sometime in the third quarter of 2020.