Nansen CEO Alex Svanevik believes that there are five positive factors that will make 2025 a super bull market, including Trump winning the election, Gary Gensler being fired, the Federal Reserve continuing to cut interest rates, the end of the Russia-Ukraine war, and the formal establishment of the FIT21 Act as law.
Alex Svanevik, CEO of the well-known blockchain analytics platform Nansen, stated on the evening of October 20 that he believes 2025 will be the biggest bull market in history.
2025 will be the biggest bull market in history.
Five positive factors driving Bitcoin’s rise
Regarding his views, Alex Svanevik did not give a clear explanation on the evening of the 20th, and did not clarify when in 2025? Does it represent potential for further decline in the fourth quarter of this year or even next year, which is also thought-provoking.
In response to this, he issued another statement on the evening of the 21st, stating that there are five positive factors that will stimulate the cryptocurrency market to experience a surge, specifically including:
– Trump winning the election (the US presidential election will be held on November 5th, and former US President Trump has publicly supported cryptocurrencies multiple times this year).
– Gary Gensler being fired (Gary Gensler, who leads the US SEC, has long held a negative attitude towards cryptocurrencies, and after the end of the election, there is hope that Gary Gensler will step down, and his successor may bring improvement to US cryptocurrency regulation).
– The Federal Reserve continuing to cut interest rates (the US Federal Reserve officially launched monetary easing at the end of September this year, and the Fed dot plot shows that there will be multiple interest rate cuts this year and next).
– The end of the Ukraine-Russia war (wars usually lead to inflation and reduce risk appetite in the capital markets; once the Ukraine-Russia war ends, Bitcoin may receive influx of funds).
– The formal establishment of the FIT21 Act as law (the FIT21 Act in the United States is expected to bring regulatory compliance for businesses adopting cryptocurrencies, specifically in terms of unified regulatory frameworks, reduced compliance costs, enhanced trust and transparency, and encouragement of technological innovation).
However, whether these five factors will materialize is still uncertain. Will Trump be re-elected? Will the Ukraine-Russia war continue for a longer period of time? In addition, the expectation of interest rate cuts by the Federal Reserve has already been priced in by the market. Overall, Alex Svanevik’s predictions do not provide particularly novel viewpoints (or perhaps he is unwilling to disclose?). Investors need to evaluate them carefully on their own.
What other positive factors are there?
Regarding the future direction of Bitcoin, Matt Hougan, CEO of asset management company Bitwise, also stated last week that there are seven factors that will drive Bitcoin to rise to $100,000:
– ETF funds are accelerating inflows.
– The US presidential election is approaching.
– The US’s unlimited deficit policy (bipartisan agreement).
– China’s epic liquidity injection.
– Global central banks cutting interest rates (Federal Reserve, European Central Bank).
– The Bitcoin halving effect is starting to show.
– Whales are hoarding.
Article source: Pepe Soha’s public account