The bull market has actually quietly started, and the world is gradually easing!
So, why isn't it surging like the last bull market?
The reason is that this time the easing rhythm is different.
In 2020, to cope with the impact of the pandemic, the Federal Reserve cut interest rates by 150 basis points in one month, and countries around the world quickly followed suit.
This led to a explosive surge in Bitcoin, which rose to $65,000 in six months, a 20-fold increase. However, after the easing stopped, Bitcoin only slightly increased to $69,000 by the end of the year, basically flat with the peak in April.
This cycle is characterized by slow easing, with an expected 200 basis points cut in interest rates over the next six months, rather than a rapid drop like in 2020. Therefore, this bull market resembles 2017, which was a continuous upward process, lasting a year and a half. From March to September this year, the crypto market did not rise because the Federal Reserve had not cut interest rates, and the market lacked incremental funds, resulting in a sideways trend. But now, major economies such as the United States, China, and Europe, excluding Japan, are gradually moving towards quantitative easing, coupled with the approval of Bitcoin ETFs, and the bull market is brewing. What you need to do is hold onto your coins, be patient, and you might see returns of 3 to 10 times next year.
In the short term, if Trump takes office in early November, it could become a market spark, and the crypto market desperately needs this stimulus, with Bitcoin expected to break through previous highs, directly rising by 20%, and reaching $100,000 by the end of the year.
The crypto market is full of uncertainties and challenges, but it also contains potential opportunities. Investors participating in crypto investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy!!