Odaily Planet Daily News Delphi Digital Co-founder Kevin Kelly said that this is not just another bear market rally. Although many crypto market participants remain cautious due to rising interest rates, inflationary pressures and recession concerns, Kelly believes that the market is forward-looking. This is already reflected in 2023 prices. Kelly believes that the market is in an environment similar to 2015-2017, and if Bitcoin follows the same playbook consistent with the uptrend of the new liquidity cycle, it could hit a new all-time high in the fourth quarter of 2024 and the fourth quarter of 2025. Quarter to new cycle peak.
Kelly said that a sell-off or consolidation could be seen in the near term, especially after the strong rebound seen over the past nine months. (The Block)