Why the Bull Market is Not Over

Crypto Total Market Cap

Many believe that the crypto bull market might be over, but the data suggests otherwise. In 2021, the total cryptocurrency market cap peaked at $3 trillion. This cycle, we've already reached a high of $3.71 trillion. Does it make sense for this to be the top when the U.S. prints $3-4 trillion every year?

Liquidity is one of the main drivers of market growth, and with continuous money printing, the value of assets like crypto naturally appreciates. Compared to previous cycles, adoption is higher, institutional interest is growing, and macroeconomic conditions still favor risk-on assets.

The U.S. is still injecting trillions into the system every year. Even though the Fed isn’t officially doing QE, deficit spending + Treasury buybacks + repo operations all add up to more liquidity in the markets. Historically, more liquidity = more demand for risk assets like crypto, stocks, and tech equities.

Inflation remains sticky, which means cash is losing value. Investors seek hard assets (crypto, gold, real estate, stocks, etc.) to hedge against devaluation.

The Fed may start cutting rates this year. Lower interest rates typically push capital into higher-yielding risk assets (crypto, growth stocks, etc.).

The S&P 500 & Nasdaq are still in a strong uptrend. Historically, crypto follows equities in bullish environments. If markets remain risk-on, crypto should benefit from the same momentum.

While short-term corrections are normal, the overall trend remains bullish. If history repeats itself, the market is likely to continue its upward trajectory, setting new all-time highs beyond what we’ve seen so far.