Famous Analyst, "Even If Everyone Is Bearish on Bitcoin and Cryptocurrencies, I Am Bullish," He Said, Listed 12 Reasons!

Miles Deutscher, one of the renowned analysts in the cryptocurrency world, stated in his recent announcement that despite the market downturns, many people may have bearish sentiments, but he still remains a strong bull supporter.

Miles Deutscher listed the following reasons for currently thinking in favor of the bull:

• Quantitative Easing (QE) on the Horizon: Central banks' implementation of QE policies is expected to increase liquidity and potentially encourage investment in risky assets such as cryptocurrencies.
• Trump's Market Incentives: Former US President Donald Trump, who continues to be an important political figure, has incentives to maintain a strong financial market that could benefit crypto assets.
• Expanding Money Supply: Increasing money supply historically benefits alternative asset classes including Bitcoin and other cryptocurrencies.
• China's Liquidity Injection: China government's liquidity injections can create a positive ripple effect on global markets, including crypto.
• Expected Interest Rate Cuts: More interest rate cuts are expected, which could increase investor appetite for high-risk assets such as digital currencies.
• Crypto-Unfriendly Political Landscape: The US now has a more crypto-friendly president and the Securities and Exchange Commission (SEC) is in place, signaling potential regulatory improvements.
• Stablecoin Market Cap at an All-Time High: The increasing adoption of stablecoins signals growing trust and liquidity in the crypto ecosystem.
• Enterprise Adoption Through Tokenization: BlackRock CEO Larry Fink's support for tokenization highlights the increasing role of tokenization in mainstream finance.
• Bitcoin ETF Success: Bitcoin's spot ETF was the most successful ETF launch in history, and it is expected that other crypto ETFs will follow suit.
• Market Cleansing and Liquidity Reallocation: The recent market downturn consolidated liquidity by eliminating weak projects and redirected attention to higher quality assets.
• DeFi Resurgence: Low interest rates can make decentralized finance (DeFi) more attractive, leading to an increase in Total Value Locked (TVL) in DeFi protocols.
• Regulatory Clarity on the Horizon: Upcoming regulations can provide clearer frameworks, opening the way for fairer token launches and increased institutional participation.