The expectation of a bull run in cryptocurrencies depends on several economic and political factors, with some of the most prominent indicators in 2025:
1. Economic factors:
US interest rate policy: If the US Federal Reserve decides to lower interest rates, it may inject liquidity into the markets and increase investors' appetite for risk, supporting the crypto market.
Global inflation: If inflation continues to slow, it may encourage further investment in digital assets.
Adoption by major institutions: Increased adoption of Bitcoin by banks and major investment funds like BlackRock and Fidelity can boost the rise.
2. Political factors:
US elections 2024-2025: Some candidates support flexible regulation for crypto, while others may impose restrictions. Election results could impact the market.
Geopolitical tensions: Any escalation in regions like Ukraine, the Middle East, or Taiwan may drive investors to seek alternative assets like Bitcoin, or may increase negative volatility.
Cryptocurrency regulation: Major countries like the United States, Europe, and China are tightening laws, which could positively (providing legitimacy) or negatively (imposing restrictions) affect the market.
3. Internal factors of the cryptocurrency market:
Impact of Bitcoin Halving (April 2024): Historically, after each halving, the market enters a bullish wave after several months. If this repeats, we may witness a bull market in late 2025.
Increased development of blockchain networks: Projects like Ethereum 2.0 and developments in Layer 2 may enhance liquidity and usage.
Flows from ETF funds: Bitcoin ETFs positively influence the market, and as their adoption increases, we may see massive liquidity entering.
Conclusion:
There are positive signals for a market rise, especially with the impact of the Halving and potential interest rate cuts, but political tensions and regulations may temporarily hinder growth. The second half of 2025 seems to be more promising for a bull market if no major shocks occur.