Analysts Debate Potential Bitcoin Bull Market Triggered by Macroeconomic Shifts

Analyst Michaël van de Poppe forecasts a macroeconomic shift that could initiate a final Bitcoin bull market within one to three years. According to NS3.AI, he points to indicators such as the U.S. ISM Manufacturing PMI surpassing 50 and changes in the Federal Reserve's policies as key factors. Van de Poppe also emphasizes the role of spot Bitcoin ETFs and liquidity availability in supporting price increases, even amid a negative business cycle. In contrast, analyst Benjamin Cowen expresses skepticism, questioning the reliability of the ISM PMI as a predictor for Bitcoin prices. This divergence in opinions highlights the ongoing debate among experts regarding the future trajectory of Bitcoin in the context of macroeconomic changes.