After a strong start to this year, market participants are wondering what's next for crypto.

Not much, according to some. Others see prices continuing to rise in the second half of 2024 after one of the strongest performances in ETF history.

That comes despite persistent inflation, geopolitical tensions and political shifts on US soil, which could put crypto on the minds of single-issue voters come November. .

Analysts like Matthew Sigel, head of digital assets research at VanEck, see plenty of room to grow based on historical trends.

“If the durability of the current cycle follows historical trends, this could indicate a potential market top between Q2 and Q4 2025,” Sigel said in a recent investor note. This.

Historically, the crypto market has gone through distinct four-year cycles, with significant price peaks often occurring after halvings, Sigel said.

The cycles from 2013 to 2017 and 2017 to 2021 have followed this trend, with new peaks reached after each halving.

Sigel's analysis suggests that the current market cooling period is a precursor to another strong rally.

Matt Hougan, chief investment officer at digital asset manager Bitwise, also sees additional growth potential following the launch of US Ethereum spot ETFs, which some experts believe could happen. out this month.

Ethereum ETFs could attract $15 billion in net inflows by the end of 2025, Hougan said in a note on Monday.

“Investors love tech stocks,” Hougan said, referring to investors' preference for “high-growth tech stocks,” including Nvidia and Meta. “I can quite easily imagine investors selling a small portion of their tech stocks and adding ETH.”

However, this $15 billion figure will still be lower than Bitcoin ETFs, Hougan said, which have attracted $14 billion in less than six months and are expected to reach over $50 billion by end of 2025.

There are also political shifts both inside and outside the United States that some believe could shift the narrative toward clearer regulation of the industry.

Traders do not necessarily have to agree with the political shift taking place in Europe and the US to see that it could be more beneficial for crypto, said Pav Hundal, chief market analyst at the crypto exchange Swyftx, told Decrypt.

“If nothing else, decentralized finance will certainly be more attractive to business and retail investors when the political environment is so unpredictable,” he said.

Source: https://tapchibitcoin.io/thi-truong-crypto-da-dat-dinh-chua.html