The bull market has actually begun quietly, and countries around the world are gradually implementing easing policies. So why didn't there be a surge this time like the last bull market? The key lies in the different pace of this easing.
Looking back at 2020, in response to the impact of the epidemic, the Federal Reserve cut interest rates by 150 basis points in just one month, and countries around the world quickly followed suit. This caused Bitcoin to soar rapidly, rising to $65,000 in half a year, an increase of up to 20 times. However, with the end of the water release, Bitcoin only rose slightly to $69,000 by the end of the year, which was basically the same as the high point in April.
This cycle is different, and the pace of water release is slower. It is expected that the interest rate cut will reach 200 basis points in the next six months, but it will not be as fast as in 2020. Therefore, this round of bull market is more like 2017, and will present a continuous rise process, when the rise lasted for a full year and a half. The reason why the currency circle did not rise sharply from March to September this year is that the Federal Reserve has not yet started to cut interest rates, and the market lacks new funds, resulting in a sideways market.
Now, major economies such as the United States, China, and Europe are gradually moving towards quantitative easing, and this trend is becoming more and more obvious except for Japan. Coupled with the approval of the Bitcoin ETF, a bull market is brewing. All you need to do is continue to hold your crypto assets and remain patient. You may get a 3 to 10 times return next year.
In the short term, if Trump takes office in early November, it may become a detonation point for the market. The currency circle urgently needs such stimulation. Bitcoin is expected to break through the previous historical high, directly pull up 20%, and is expected to hit $100,000 by the end of the year.
