The recent turbulence in the cryptocurrency market has given rise to concerns that the ongoing bull run may have come to an end. However, influential figures in the cryptocurrency industry suggest that we are just getting underway and even bigger moves are coming.
Leading crypto figures have disclosed that the bull run of Bitcoin has not started yet at the LONGITUDE event in Paris. According to van de Poppe, the current decline is similar to past downturns, like the 2020 crash due to COVID-19, which allowed Bitcoin to rise massively. He suggests we might be at a similar inflection point now.
When something similar happened in the past, the Bitcoin price went up, particularly after the bottom of the pandemic, van de Poppe said.
Eric Turner said the crypto market has not yet seen a bull market. He claims that the activity so far has been a bit of a ripple effect. For example, Bitcoin saw institutional flow, especially from ETFs. Furthermore, certain trends like meme coins were a flash in the pan. Turner stated that we will see the real rally happen in 2025 in the third or fourth quarter. Further adding to the bullish case, John Patrick Mullin, CEO of Mantra, stated that the support for crypto is increasing in policy-making circles. Although the market hasn’t reacted strongly to this matter yet, he believes that it will come into play once there is less uncertainty.
But not everything’s bullish; recent Trump moves, notably tariffs, which are seen as aggressive actions that will be bad for the economy, have caused price drops in traditional and crypto markets. These policies are causing fear, but the regulatory news was good.
However, history may be on crypto’s side. During previous economic downturns, van de Poppe has commented that the U.S. The US Federal Reserve has stepped in with a rate cut and other monetary support. These have caused giant rallies in Bitcoin’s history. The new bull market could start if similar events occur again.
For now, investors are waiting for clarity. Experts are building up the consensus that the next crypto bull run may happen this year. Whoever stays patient may reap the rewards of this growth.
