Analyst: Bitcoin Bull Market Far From Over, $750 Billion in Liquidity Could Be Key

Analysts David Brickell, head of international distribution at FRNT Financial, and Chris Mills, a former foreign exchange trader, have predicted a wave of up to $750 billion in market liquidity that will propel the price of bitcoin to new highs, saying that “the bitcoin bull market is far from over,” according to a report by DLNews.

Analysts believe that the current market concerns emerging from Trump-related policy expectations and the Fed's hawkish stance are overblown. While Trump's possible push for high tariffs has raised inflation concerns, the actual impact may be much lower than the market expects. In addition, strong U.S. jobs data is seen as a short-term effect of pre-election fiscal stimulus, while further Fed rate cuts are likely in the future.Brickell and Mills emphasize that China's measures to boost its economy will likewise increase market liquidity, which will serve as a catalyst for a rise in the price of Bitcoin. Currently, the price of bitcoin is hovering below $100,000, but analysts say this is just a brief pullback on the way to $250,000,” said Brickell and Mills.