The bull run of Crypto Assets is coming: Global macro trends and the rise of Bitcoin

The changes in the air have become significant. Signals pointing to the next round of the bull run in crypto assets are based on real and undeniable financial indicators. As an observer closely tracking global market dynamics, I firmly believe that we are on the threshold of a strong rise in crypto assets (especially Bitcoin). Let me delve into the logic behind this judgment.

From the global decline in interest rates to the expansion of the money supply, and then to the large-scale entry of institutional investors, market momentum is rapidly accumulating. Bitcoin, with its core advantages, is perfectly positioned to benefit from these trends.

Let’s examine the key data and macro trends. If you are still on the sidelines, now might be the last opportunity to prepare.

Bitcoin’s Fundamentals: An Exemplary Long-Term Asset

Bitcoin is far from an ordinary digital currency. It is a direct response to the inherent flaws in the global financial system. In an environment where governments continuously expand the money supply, Bitcoin’s characteristic of having a maximum supply of 21 million coins highlights its unique value.

Currently, the price of Bitcoin is around 104,500 dollars, having significantly rebounded since the low point of the bear market in 2022. However, this is likely only the starting point of a long-term trend. Why do I make this judgment? Because the world is gradually recognizing the core value of Bitcoin: a decentralized, anti-inflation store of value.

In March 2025, the U.S. government launched a strategic Bitcoin reserve, marking a significant shift in the official perception of Bitcoin—from being regarded as a “speculative asset” to a “strategic macro hedging tool.”

Institutional investors are also following this trend. Bitcoin buyers are no longer limited to tech-sensitive retail investors. Pension funds, insurance companies, and sovereign wealth funds are quietly accumulating positions.

The Global Rate Cut Cycle Fuels the Bull Run

We have officially entered a global monetary easing cycle. Major central banks are competing to cut interest rates:

• The European Central Bank recently lowered the key interest rate to 2%.
• The Bank of Canada also implemented a rate cut policy.
• The Federal Reserve is facing increasing pressure for interest rate cuts.

The low interest rate environment fundamentally changes investor behavior patterns. As yields decline, the appeal of cash and bonds diminishes, and funds naturally flow towards asset classes with greater growth potential – such as Crypto Assets.

Looking back at history, Bitcoin has performed exceptionally well during past interest rate cut cycles. The surge in Bitcoin’s value in the low interest rate environment of 2020-2021 was not a coincidence. History seems to be repeating itself, but there is a notable difference: in this cycle, the market already has Bitcoin spot ETF, mature institutional custody infrastructure, and a broader public understanding of Bitcoin.

Holding Bitcoin in a global environment of declining interest rates is not only a speculative act but also a wealth preservation strategy.

Global Currency Supply Continues to Expand

The currency supply indicator is particularly critical.

M2 represents the total of cash, savings, and other liquid assets in the economy, and is currently accelerating in growth again. As of the second quarter of 2025, the global M2 supply is close to 93 trillion dollars. In the United States alone, M2 has reached a historical high of 21.93 trillion dollars, with a year-on-year growth of over 4%.

This is not just a set of numbers — it is a clear signal.

When the money supply expands, the purchasing power of fiat currency inevitably declines. This is a fundamental principle of monetary economics. As cash depreciates, people naturally turn to hard assets to protect their wealth. This is the ideal environment for the prosperity of Bitcoin.

Bitcoin should not be simply viewed as another risk asset. In a world of infinite fiat currency, its limited supply becomes increasingly precious with each round of monetary expansion.

Institutional funds steadily flow into the Bitcoin market

The largest flows of capital in the world often occur quietly. Currently, these funds are continuously flowing into the Bitcoin market.

In May 2025 alone, the US spot Bitcoin ETF recorded a net inflow of $5.2 billion. These are not short-term speculators, but institutional investors with a long-term vision who are building positions intended to be held for many years.

ETF is just one aspect.

We are also seeing family offices, insurance companies, and even government agencies exploring direct ownership of Bitcoin. Some choose self-custody models, while others rely on professional custody services. Regardless of the form, the result is the same: the demand for scarce digital assets continues to grow.

This stable influx of funds may not trigger short-term speculation, but it lays a solid foundation for long-term sustainable price appreciation.

The macro environment fully supports the bullish perspective

Looking at the big picture, there are sufficient reasons to be bullish.

The macro environment for in-depth development in 2025 includes:

• Interest rates declining, weakening the appeal of fiat currency
• The continuous expansion of money supply erodes the value of cash.
• Institutions are adopting acceleration, leading to increased recognition and capital inflow.
• Global uncertainty remains high, from inflation to geopolitical risks.

These factors combined reinforce Bitcoin’s role as a hedging asset – digital gold.

In addition, the recent Bitcoin halving event has reduced the supply of new coins, creating a perfect storm of supply and demand: rising demand, limited supply, and price adjustments accordingly.

If Bitcoin stabilizes above $100,000 and breaks through the resistance level of $112,000, the next target may be $120,000 or even higher levels.

Ethereum and other Crypto Assets will follow upward

Although the analysis focuses on Bitcoin, the entire crypto ecosystem is also worth paying attention to. History shows that when Bitcoin rises sharply, other crypto assets usually follow.

Ethereum price remains above 5800 USD, with strong momentum:

• Layer 2 expansion solutions are gaining widespread adoption
• Decentralized Finance ( DeFi ) Total Locked Value ( TVL ) Steadily Recovering
• The market expects the launch of spot ETH products, which could unleash significant institutional demand.

Historically, when Bitcoin’s dominance peaks, funds usually rotate to Ethereum, then to major altcoins, and finally to smaller high-potential projects. This pattern was clearly seen in 2017 and 2021—and is likely to repeat in 2025.

Therefore, market participants should not only pay attention to Bitcoin prices but also keep an eye on the subsequent flow of funds.

Current is not the peak but the midpoint

In fact, this does not look like a market peak, but rather a mid-game transition. The next round of Crypto Assets bull run is not a question of “whether” it will happen, but “when” it will fully unfold.

The fundamentals are stronger than at any time in history. Macroeconomic factors have perfectly aligned. However, the public’s awareness of the ongoing transformation still lags behind.

If you have been waiting for the perfect entry point, remember this: theoretically, the best buying point is at the peak of panic. The second best might be now—before a global large-scale follow-up.

The market will inevitably fluctuate. However, if one can maintain a long-term perspective and wisely allocate assets, Bitcoin and the Crypto Assets market still offer growth potential that can change life trajectories.