Have you ever thought that Bitcoin has risen by nearly 60% this year? Do you feel like you have missed this wave of growth and are itching to get in? Don't worry, the key to whether the bull market can continue depends on these 4 points!
First of all, you have to know that Bitcoin has ushered in two major positive factors this year: one is that the Securities and Exchange Commission (SEC) approved the spot Bitcoin exchange-traded fund (ETF), allowing ordinary investors to easily get on board; the other is the Bitcoin "halving" event, which reduced the supply of new coins and the market applauded.
However, don’t be too happy too soon, as the bull market is not all smooth sailing. The Fed’s policies, regulatory uncertainty, the presidential election, and the subsequent momentum of spot ETFs will determine the future trend of Bitcoin.
The Fed's policy is like a "barometer" for Bitcoin. The easing cycle pushes up risk assets, and Bitcoin naturally rises. However, once the policy is tightened and market volatility increases, can Bitcoin withstand the pressure?
Regulatory uncertainty is even more worrying. If the crypto market is subject to tougher regulation, the future of Bitcoin will be overshadowed. The election results are even more unpredictable in the market. Trump and Harris, who will dominate the future of crypto?
However, don’t be too pessimistic. The launch of spot ETFs has opened a new door for Bitcoin. The influx of institutional investors will further promote the mainstreaming of Bitcoin. However, whether this momentum can continue depends on the market’s reaction.
At this point, are you eager to know how these four points will affect the future of Bitcoin? Don’t worry, let’s analyze it in depth.
In terms of Fed policy, although Bitcoin fell during the summer when interest rates fluctuated, it rebounded immediately after the Fed's sharp rate cut last month. The upcoming central bank easing cycle around the world may further consolidate Bitcoin's gains.
In terms of regulatory uncertainty, although the market is worried that tougher regulation will have a negative impact, Matt Hougan, chief investment officer of Bitwise Asset Management, believes that after the SEC approved the spot ETF, Bitcoin seems to have no major problems in terms of regulation.
In the presidential election, both Trump and Harris are seen as candidates who support cryptocurrencies. Trump even publicly supports the market and launches his own NFT. However, how will the election results affect the trend of Bitcoin? It depends on the market's reaction.
In terms of spot ETFs, Hougan believes that the inflow of funds into Bitcoin ETFs will accelerate in the fourth quarter and accelerate again in 2025. This will bring new impetus to Bitcoin and promote its further mainstreaming.
In summary, can the bull market of Bitcoin continue? The key lies in these four points! However, no matter what the result is, we should maintain a rational investment mentality. Remember, investment is risky, and you need to be cautious when entering the market!
However, as a big V in the cryptocurrency circle, milon.ai still wants to remind everyone: the trend of Bitcoin is always full of variables. However, as long as you master the core information and analysis methods, you can get a share of this investment feast!
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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