Little real liquidity in the markets compared to 2021...
And yet, $BTC has already formed several mini-bubbles.
So imagine when the real wave of liquidity arrives.
1/
Today, #crypto growth still relies on little fuel.
Overall liquidity remains low.
👉 The conditions of 2021 have not returned yet.
And despite that, $BTC has risen to over $100k.
2/
But in 2025, 3 major liquidity catalysts could activate:
- Expansion of the money supply (M2)
- Government debt purchases
- Decrease in interest rates
Each of these elements injects cash into the system. Together, it's a tsunami.
( The Fed's balance sheet is still declining.
No massive return of asset purchases for now.
And yet, the #crypto market is already rising.
3/
And the beauty of it?
The #crypto market has already shown signs of a bull run... without these conditions.
So when they arrive — and they are coming —
we could potentially see an explosion much more powerful than in 2021.