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Analysts believe that following the US election and a change to a “pro-liquidity environment,” Bitcoin would hit its all-time highs.
“With all this forced selling behind us, this is a classic seasonal pattern where Bitcoin tends to suffer between one to three months after the halves, which occurred in April” VanEck head of digital assets research Matthew Sigel noted in an Aug. 19 interview with CNBC.
For $2.6 billion the German government sold 49,858 Bitcoin in July. Data indicates that many of the creditors of the insolvent cryptocurrency exchange Mt. Gox have held onto their Bitcoin while around 70% of them have been compensated.
Rising Global Liquidity Signals Potential Bull Run
Globally, liquidity is beginning to soar, notes many experts. BitVaulty CEO Francesco Madonna said in an Aug. 17 X post, “Global Liquidity has started to increase, a pattern is forming.” Added pseudonymous crypto trader Kook, “Global liquidity is finally ticking up, will we see the greatest bull run ever in 2025?”
The lack of price motion in Bitcoin surprises investment consultant Lyn Alden somewhat, who notes in an Aug. 19 edition of Natalie Brunell’s Coin Stories podcast that “global liquidity has been flat for two years.” Alden thinks Bitcoin may reach its present all-time high of $73,679 in 2025, when the market moves to a more “pro-liquidity environment.”
Sigel, meanwhile, says that the November U.S. presidential contest will be a turning point for the value of Bitcoin. He contends that macroeconomic circumstances will remain the same for the next many years independent of the election outcome. According to him, we are in for four more years of irresponsible fiscal policies regardless of the candidate who prevails. Sigel said, “We really think it can recover; the history is that Bitcoin really strikes its stride at that point.”
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