Known Blockchain analysis platform Nansen CEO Alex Svanevik posted on the evening of October 20 and said that he believes 2025 will be the largest Bull market in history:
2025 will be the largest Bull market in history.
Five major positive factors to stimulate the rise of Bit coin
Regarding his own views, Alex Svanevik did not give a clear explanation on the 20th evening, nor did he specify when in 2025? Whether it means that there is still room for a decline in the fourth quarter of this year or even next year, it is also quite thought-provoking.
In this regard, he posted again last (21) night, saying that there are five major positive factors that will stimulate the crypto currency market to usher in a surge, specifically including:
Trump wins the election (the US election will be held on November 5, and former US President Trump has publicly supported crypto currencies many times this year).
Gary Gensler will be fired (the US SEC led by Gary Gensler has long taken a suppressive attitude towards crypto currencies, and after the election, Gary Gensler is expected to step down, and his successor may bring improvements to US crypto regulation).
The Federal Reserve continues to cut interest rates (the US Federal Reserve officially launched a monetary easing policy at the end of September this year, and the Fed's dot plot shows that there will be multiple rate cuts this year and next year).
The end of the Ukraine war (wars usually lead to rising inflation and reduced capital risk appetite, which is not conducive to the risk market; once the Russia-Ukraine war ends, Bit coin may receive capital inflows).
The FIT21 bill is officially established as law (the US FIT21 bill is expected to bring regulatory compliance for enterprises to adopt crypto currencies, specifically reflected in four aspects: unification of the regulatory framework, reduction of compliance costs, enhancement of trust and transparency, and encouragement of technological innovation).
However, whether these five factors will be realized still needs to be questioned? Will Trump lose the election, will the Russia-Ukraine war continue longer... In addition, the market has already digested the expectation of the Federal Reserve's interest rate cuts. Overall, Alex Svanevik's forecast does not provide too novel a perspective (or is he unwilling to say?), and investors need to carefully evaluate it themselves.
What other positive factors are there?
Regarding the future trend of Bit coin, asset management company Bitwise CEO Matt Hougan also said last week that there will be 7 major factors driving Bit coin to rise to $100,000:
We are moving towards a six-digit Bit coin:
. ETF capital is accelerating inflows again;
. The US election is approaching;
. The US's unlimited deficit policy (bipartisan);
. China's epic liquidity injection;
. Global central bank rate cuts (Federal Reserve, ECB);
. The Bit coin halving effect is beginning to emerge;
. Whales are hoarding.
