What do you think will trigger the next bull run?

[BashirJasper]

A lot have been attributed to the next bull run which include the following:

1. The approval of a first BTC spot ETF: industry experts are predicting a huge investment fund coming into the crypto market when a BTC spot ETF goes live on stock exchanges, trust funds and banks with figures ranging from $5 trillion to $12 trillion dollars according to multiple sources claiming this could spearhead a big bull. Little wonder why BTC has been on a front pedal since the fake news of an approval broke out couple of day ago. Now, much have been discussed on mainstream media recently about SEC already engaging 8 - 10 ETF applicants with some like Blackrock already amending their application. All these are indications that a first BTC spot ETF trade is really close than we can imagine!
2. Bitcoin halving: experts claim that history is about to repeat itself as we enter the final months of BTC halving (to be completed in April 2024). Historically post-halving of BTC has commanded a huge bull in the past taking the price of BTC consistently to an ATH like the previous bulls of 2017 and 2020/21. BTC halving creates scarcity of the asset; reduced miners reward; reduced liquidity and increased price. But bulls associated with halving always comes a year after the halving is done so, we are looking at another BTC ATH in 2025 if history were to relive itself.
3. Massive adoption: since the clampdown on the crypto market by China that lead to the present bear market, a lot of the industry experts are of the opinion that only large wave of adoption can massively uplift the relevance of the crypto market which will consequently usher in the next bulls. Well, a lot has been happening lately with financial institutions now seeking solution with the help of blockchain like the Bank of China using the Ethereum blockchain to print digital Yuan, Citi Bank tokenization of customers' deposits and ANZ banks trialing the use of ChainLink for banking transactions and the Automobile industry gradually accepting crypto payments such as the recent move by Honda motors and Ferrari Motors. These are all indications that adoption of crypto is finally creeping in.

Each of the above scenario can trigger the market boom but I think it's gonna be a combination of all the three this time around rather than a single factor because these factors above affects the market in their own specific ways. Hence, the cumulative effect is going to make the next bull run unstoppable!!

So, what do you think might trigger the next bull market?

 

[Raymondblue]

I think Gary Gensler chair as the SEC leader is also one of the obstacles that have hindered the mass adoption of crypto looking at the unfavorable policies against crypto and exchanges in general. Imagine ripple (XRP) winning their case against SEC. This could lead to XRP touching an unprecedented high. We witnessed a tip of it after the partial victory recorded against SEC few months ago. I think a lot of investors are currently sitting on the fence and the sack of Gary and replacement with a crypto inclined person may as well lead the mini bullrun ahead of the factors you already listed.

 

[BashirJasper]

I think Gary Gensler chair as the SEC leader is also one of the obstacles that have hindered the mass adoption of crypto looking at the unfavorable policies against crypto and exchanges in general. Imagine ripple (XRP) winning their case against SEC. This could lead to XRP touching an unprecedented high. We witnessed a tip of it after the partial victory recorded against SEC few months ago. I think a lot of investors are currently sitting on the fence and the sack of Gary and replacement with a crypto inclined person may as well lead the mini bullrun ahead of the factors you already listed.

I think for Gary, his hand are tied now because he has no option than to approve the BTC spot ETF especially for GrayScale. I also heard he has decided not to appeal the XRP judgement after it was struck out a fortnight ago. Since the first landmark partial victory, Ripple has been expanding their ecosystem and operational activities across America and some part of Europe. Hopefully ETF trading of BTC and adoption becomes a thing of the past soon.

 

[Maxicreed]

View attachment 59361
A lot have been attributed to the next bull run which include the following:

1. The approval of a first BTC spot ETF: industry experts are predicting a huge investment fund coming into the crypto market when a BTC spot ETF goes live on stock exchanges, trust funds and banks with figures ranging from $5 trillion to $12 trillion dollars according to multiple sources claiming this could spearhead a big bull. Little wonder why BTC has been on a front pedal since the fake news of an approval broke out couple of day ago. Now, much have been discussed on mainstream media recently about SEC already engaging 8 - 10 ETF applicants with some like Blackrock already amending their application. All these are indications that a first BTC spot ETF trade is really close than we can imagine!
2. Bitcoin halving: experts claim that history is about to repeat itself as we enter the final months of BTC halving (to be completed in April 2024). Historically post-halving of BTC has commanded a huge bull in the past taking the price of BTC consistently to an ATH like the previous bulls of 2017 and 2020/21. BTC halving creates scarcity of the asset; reduced miners reward; reduced liquidity and increased price. But bulls associated with halving always comes a year after the halving is done so, we are looking at another BTC ATH in 2025 if history were to relive itself.
3. Massive adoption: since the clampdown on the crypto market by China that lead to the present bear market, a lot of the industry experts are of the opinion that only large wave of adoption can massively uplift the relevance of the crypto market which will consequently usher in the next bulls. Well, a lot has been happening lately with financial institutions now seeking solution with the help of blockchain like the Bank of China using the Ethereum blockchain to print digital Yuan, Citi Bank tokenization of customers' deposits and ANZ banks trialing the use of ChainLink for banking transactions and the Automobile industry gradually accepting crypto payments such as the recent move by Honda motors and Ferrari Motors. These are all indications that adoption of crypto is finally creeping in.

Each of the above scenario can trigger the market boom but I think it's gonna be a combination of all the three this time around rather than a single factor because these factors above affects the market in their own specific ways. Hence, the cumulative effect is going to make the next bull run unstoppable!!

So, what do you think might trigger the next bull market?

The first two factors are cardinal to the next bull run but the usual pre-halving bull could be difficult this time due to the unending bureaucratic process in approving it. Well, tomorrow is unpredictable and the question is how well are we prepared. Staking was the usual song in the last bear market but I guess most exchanges particularly Bitget have been doing the needful to help users compound their holding via several new earning product while we await the bull run.

 

[esopezo21]

are you ready to hear the most generic answer ever: the halving 2024)

 

[gamaisnh875]

The next bull market in the cryptocurrency space is likely to be triggered by a combination of factors, including the approval of a first BTC spot ETF, Bitcoin halving, and massive adoption of cryptocurrencies.

 

[saokhong8]

The next bull market is not solely dependent on one single factor but rather a combination of factors working together.

 

[khong9aj]

What factors are expected to contribute to the next bull market in the cryptocurrency space according to the information provided in the article?

 

[bantrau817]

I agree with the assessment that the next bull run in the cryptocurrency market is likely to be driven by a combination of factors, and not just one single factor.

 

[anhkhongasa]

The next bull market is not solely reliant on any one of the mentioned factors; rather, it will likely be a result of the interplay of these factors working together.

 

[ImamShaheb]

are you ready to hear the most generic answer ever: the halving 2024)

Or post halving? Or maybe SEC will be too kind to let go either this one~
Or approve mainstream coin's ETFs.