According to analysts, the downward trend in Bitcoin has likely come to an end. The growth of the M2 money supply could encourage investors to allocate funds into cryptocurrencies. Although Bitcoin’s price has been falling, a recent rebound suggests potential for further growth. Memecoins are also showing strong gains, attracting investors. It is believed that the final phase of Bitcoin’s bull run could occur by the end of 2024 or early 2025. The increase in the money supply and other factors may also contribute to the continued growth of the cryptocurrency market.
With the rising popularity of new ETFs in various countries, cryptocurrency could become a promising investment direction. The crypto market is gradually stabilizing after the crash, which has helped it shed excess leverage from traders. Experts believe that this will lead to more logical and confident growth for the industry moving forward.