According to analysts, the current phase on the market is distinguished by several structural features, in particular support from states, the active development of stablecoins and tokenization of real assets (RWA).
In addition, Bernstein called key factors that support the bull cycle, such as:
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institutional growth through corporate treasury and new investment instruments;
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support from the regulators in the United States;
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The growth of the role of companies such as Circle, Coinbase and Robinhood, as large market participants.
In addition, there is a growth potential for blockchains used to develop integrated financial instruments with cryptocurrency calculations. The return of liquidity from offshore zones to the United States and the development of the derivatives market based on regulated sites will serve as an additional background for the growth of the crypto industry, analysts summed up.
Earlier, Cryptoquant’s experts said that the US dollar index (DXY) dropped to the lowest level over more than two decades, which could provoke a new rally of the first cryptocurrency in the market.
Source: Bits
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