Thomas Perfumo names four catalysts for the growth of the crypto market

Kraken strategy head Thomas Perfumo spoke about four premises that will help the growth of digital currencies in the second half of this year. The expert believes that the autumn American presidential elections will set the tone for creating a legislative framework for the crypto market for the next four years.

“I think in the short run I’d say there are about four big catalysts in the second half that I’m looking out for. So broadly speaking, risk assets, we’re talking about the macro economy. So Canada, Europe already cutting interest rates. The question is when is the Fed going to do it and to what degree are they going to do it with crypto? Specifically, the Ethereum ETF launch is a big deal that brings a lot of attention on crypto again and brings a lot of capital flows. It’s a rising tide lifts all boats story,” he said.

The Fed's interest rate cuts will also contribute to the growth of the digital currency industry. In addition, the trend towards the global spread of BTC and the results of the US elections will become catalysts for the growth of crypto assets on exchanges.

The market will show a stable bullish trend in 2025, Perfumo believes.

Experts from CryptoQuant believe that market data indicates that the cryptocurrency market is entering the second-largest institutional accumulation.

Analysts pointed out that currently large players in the market are actively involved in the process of buying bitcoins against the backdrop of a fall in its exchange rate. CryptoQuant believes this foreshadows future returns for large investors as the market recovers later this year.

“BTC market has entered the second-largest institutional accumulation, investor confidence is growing,” CryptoQuant said.

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