Bosera International: Bitcoin is currently in its fourth cycle and remains optimistic in the medium and long term
Boshi International stated that Trump's policies are believed to have a long-term positive impact on the cryptocurrency market, including supporting the development of cryptocurrencies through executive orders and legislation. In addition, the effectiveness and mainstream trend of the cryptocurrency market are also positive factors. Policies that the Trump administration may promote include more cryptocurrency-friendly legislation and possible tax incentives, which could further promote the popularity and acceptance of cryptocurrencies. Boshi International further stated that Bitcoin is currently in the fourth cycle, and it is expected to be in the early stage of this round of the market. The sustained rebound of the currency price needs to wait for the expectation of the Fed's interest rate cut to increase or the continuous increase in institutional participation, and it maintains a long-term optimistic view.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
