From the fourth quarter of 2024 to the first quarter of 2025, there may be a wave of opportunities for Bitcoin, mainly for four reasons:
1. Expectations of interest rate cuts: Although interest rate cuts are not quantitative easing, they are expected to increase the activity of market funds and drive liquidity.
2. Election factors: In this US presidential election, some candidates publicly support cryptocurrencies and promise to support them in terms of policies, which may have a positive impact on the crypto market.
3. Bitcoin halving effect: Although there are voices in the market questioning whether the halving effect still exists, there is no conclusive evidence that the halving effect will completely disappear.
4. Accounting standards reform: From December 2024, the new version of FASB will officially take effect, allowing cryptocurrencies to be accounted for at fair value, which will enhance the financial transparency and market recognition of crypto assets.
It is worth noting that Bitcoin will usher in its fourth halving on April 19, 2024. Historically, halving is usually accompanied by an increase in Bitcoin prices. However, on the day of this halving, Bitcoin prices fell instead of rising, and the performance was not as expected. As a result, the market has concerns about the failure of the halving effect.
At present, Bitcoin's market share has peaked, and funds have begun to flow into the altcoin market.
With the end of this wave of adjustments, the fourth quarter may become a period of explosion for small altcoins.
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