Julien Bittel from Global Macro Investor suggests Bitcoin could see notable gains in 2025, reminiscent of 2017's surge. Factors such as a "macro summer" regime, improving global manufacturing, and looser financial conditions may contribute to this scenario. Bittel points to declining bond yields and a softer dollar as key signals.
He highlights the role of housing in official CPI figures and believes central banks may ease monetary policy further. Bittel argues that Bitcoin's potential upswing relates to the business cycle and ISM Index, reflecting past patterns where cryptocurrency rallies coincided with rising ISM levels and sufficient liquidity.
While no specific price targets are mentioned, Bittel notes that Bitcoin rose 23x in 2017 under similar macroeconomic conditions. He emphasizes Bitcoin's potential volatility and advises patience during potential pullbacks, underscoring the importance of monitoring liquidity trends, particularly from China, as 2025 progresses.
Source: www.newsbtc.com ↗