Bitcoin: Leading Analyst Unveils Key Factors to Ignite the Next Bull Cycle
A popular quantitative analyst known as "PlanB" suggests that large crypto investors, or whales, are currently holding back from making significant moves as they await the outcome of a key upcoming event.
The analyst said that despite Bitcoin’s volatile price performance over the past eight months, he still believes the market is in a bull phase.
PlanB pointed to a major catalyst on the horizon that could spark Bitcoin’s next rally: the upcoming U.S. presidential election in November.
Reports have recently surfaced that Kamala Harris, the Democratic presidential candidate, has pledged to support the cryptocurrency and artificial intelligence (AI) sectors if she wins in November. Harris has said that both cryptocurrencies and AI will be an integral part of her “opportunity economy” agenda.
READ MORE:
Institutional Demand for Bitcoin Soars as Spot ETFs Approach Satoshi’s HoldingsHowever, some remain skeptical that she will significantly change her party’s stance on crypto, especially since Democrats have imposed stricter regulations on the industry over the past four years.
In August, Charles Hoskinson, founder of Cardano ( ADA ), expressed concern that a Harris victory could spell trouble for the U.S. crypto industry.
Regarding Bitcoin’s performance, PlanB noted that it has often experienced significant upward movements after prolonged periods of uncertainty:
Bitcoin is 90% boring (yellow boxes).
All gain is in only 10% of the time (red arrows). Always after a halving. Coincidence? I don’t think so. #S2F pic.twitter.com/p3dfHAc7cc— PlanB (@100trillionUSD) October 5, 2024
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
Criterium Energy's Strategic Gas Development in Southeast Asia: A Capital-Efficient Path to Sustainable Cash Flow and Valuation Re-rating
- Criterium Energy's SE-MGH project in Indonesia combines natural gas stability with capital efficiency, targeting $2.5–4M net costs and 2026 first gas. - Extended well tests confirmed 7–8 mmcf/d production without new capital, supported by third-party pipeline funding and fixed-price gas sales agreements. - The project de-risks reserves through historical data alignment, enabling lower discount rates and scalable development with minimal incremental capital. - Positioning as a low-volatility energy transi
Institutional Adoption and Bitcoin's New Era of Institutional Buying: Strategic Debt Financing and Corporate Holdings Reshape Markets
- Institutional investors and corporations reclassify Bitcoin as a strategic reserve asset amid macroeconomic shifts and regulatory clarity. - Companies like Strategy Inc. use debt financing to accumulate Bitcoin, creating a 40:1 supply-demand imbalance favoring price growth. - SEC-approved Bitcoin ETFs (e.g., BlackRock's IBIT) attract $118B in inflows, stabilizing Bitcoin's volatility and legitimizing institutional adoption. - Regulatory frameworks and sovereign wealth fund allocations (e.g., Norway's 150
Trulieve Cannabis' Strategic Leadership Reinforcement: A Blueprint for Resilience in a Fragmented Market
- Trulieve Cannabis appoints Matthew Foulston (ex-CFO of major firms) to its board and Jan Reese as CFO to strengthen governance and financial strategy amid industry volatility. - Foulston's governance expertise and Reese's operational finance background aim to stabilize Trulieve's balance sheet while navigating regulatory fragmentation and $478M debt challenges. - Q2 2025 results show $300M revenue and $111M EBITDA, but highlight urgency for disciplined capital management as the company expands retail ope
DevvStream's Nasdaq Compliance: A Catalyst for Small-Cap Stability in a Volatile Carbon Market
- DevvStream (DEVS) regained Nasdaq compliance after 10 consecutive days above $1.00, averting delisting risks and restoring institutional credibility. - The compliance milestone aligns the company with ESG trends and positions it to benefit from emerging carbon market regulations like the EU CBAM. - Strategic moves including a $300M purchase agreement expansion and crypto treasury strategy aim to fund growth, though execution risks and market volatility persist. - Traders face a calculated bet: Nasdaq com
Trending news
MoreCrypto prices
More
