Crypto investors are growing concerned about the end of the bull market following its worst quarter since the FTX crisis. However, industry experts believe that Bitcoin and altcoins’ recent price drops have only just begun their parabolic moves.
According to a panel discussion at the LONGITUDE by Cointelegraph event in Paris, France, MN Capital founder Michael van de Poppe thinks the bull market is actually getting started from this point. Van de Poppe points to history, saying that chaotic sell-offs create favorable conditions for reversals, citing the COVID-19 crash in 2020 as a prime example.
Messari CEO Eric Turner agrees, stating that there was never a traditional bull market, but rather two sides of the market. The main flows were into exchange-traded funds, while other trends like the memecoin frenzy and short-term movements dominated.
John Patrick Mullin, co-founder and CEO of Mantra, suggests looking at the big picture, particularly in the United States. With favorable policy developments underway, including regulatory overhauls and appointments of pro-crypto leaders, Mullin is excited about the prospects for the industry.
However, these positive developments are being overshadowed by concerns about Trump’s trade policies, which have triggered fears of growth. The recent “Liberation Day” tariffs on April 2 led to a significant exodus from US stocks and sparked worries about the market’s stability.
Industry experts believe that if past crises like COVID-19 are any indication, the US Federal Reserve will step in at some point to stabilize the market. As van de Poppe said, “It’s going to happen. The question is when.”
Source: https://cointelegraph.com/news/crypto-bull-market-hasnt-started-yet-longitude-panel