The main reasons why everyone is generally optimistic that the next few years will be a bull market in the currency circle are as follows:
U.S. economic trends:
The next bull market is expected to be closely related to the U.S. economy. The performance of the U.S. economy typically has a significant impact on global markets, and economic growth and policy measures are likely to drive the growth of the cryptocurrency market.
Policy adjustments after the election:
2024 is the year of the US presidential election, and large-scale economic stimulus measures may be introduced after the election. Regardless of the succession or change of the president, it may bring about new economic policies, including adjustments to monetary and fiscal policies, which may be beneficial to the cryptocurrency market.
Domestic policies are stable:
After the mining ban was lifted, policy uncertainty in the domestic cryptocurrency market was significantly reduced, which helped the development of the market and the improvement of investor confidence.
The influx of new investment groups:
More and more well-educated, young and middle-to-high-income family members are pouring into the cryptocurrency market. The capital and interest they bring will drive the development of the market and may give birth to new market legends.
Bitcoin ETF Pass:
If the Bitcoin ETF is passed, it will allow more traditional funds to easily enter the cryptocurrency market and increase market liquidity and demand.
Bitcoin Halving Effect:
Bitcoin’s halving event, which occurs every four years, is often seen as an important signal of reduced market supply and rising prices. This may incentivize more institutional and retail investors to participate in the market.
At this stage, whether it is the best time to invest depends on your individual risk tolerance and investment strategy. It should be noted that the volatility and uncertainty of the market mean that investors should act cautiously and choose long-term layout and risk management strategies instead of blindly chasing gains or blindly cutting meat.
