Since early 2025, global liquidity has been increasing, a factor that, according to Villaverde, tends to be reflected in the cryptocurrency market with a delay of approximately three months. This correlation opens the possibility that bitcoin may begin a new phase of growth starting in June, even after having recently corrected from $74,000 to the current range of $96,300.

"Bitcoin has barely hit bottom," said the specialist, highlighting that the global context could lead to an "abundant rise" if central banks maintain their expansionary bias. However, the key to reaching record levels lies in the evolution of the trade conflict between Washington and Beijing.