Jesse Eckel strongly believes that the crypto bull run is only just beginning. In his view, predictions that Bitcoin has already peaked or will peak in the next few months are completely missing the bigger picture. He emphasizes that in early 2024, when the environment for crypto was hostile and filled with uncertainty, Bitcoin still managed to climb to $73,000 dollars. Back then, government agencies and the SEC were attacking legitimate crypto companies, and the media often called crypto a scam. Even so, Bitcoin soared.
Today, Jesse argues that conditions have flipped. He highlights the presence of a pro-crypto administration under Trump. Trump and his team are known to be bullish on digital assets, with talk of establishing a Bitcoin strategic reserve. This step alone, Jesse believes, could push other countries and major players to hold Bitcoin on their balance sheets. He also points out that it is now more socially acceptable for institutions to invest in crypto, creating a massive new source of capital.
Jesse dismisses claims that we cannot repeat the 2021 bull run because there are no stimulus checks or lockdowns. Instead, he reminds us of 2017, when the crypto market skyrocketed without any of those factors in place. He says there is now a multi-trillion dollar fire hose of liquidity that may flow into the market through Bitcoin and Ethereum ETFs. Many altcoins remain at relatively small market caps, so even a small shift in capital could send their prices soaring.
In Jesse’s eyes, the biggest risk in crypto often comes from excessive leverage, yet he notes that the mania phase has not kicked in. He expects 2025 to be a year where the combination of institutional adoption, friendlier regulations, and renewed public interest could lead to unprecedented heights for Bitcoin and the broader crypto market.
