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Bosera International: Bitcoin is currently in its fourth cycle and remains optimistic in the medium and long term

Bosera International: Bitcoin is currently in its fourth cycle and remains optimistic in the medium and long term

CointimeCointime2024/11/12 09:13
By:Cointime

 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.

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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.

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