How long is the bull market? The impact of the Fed, Nasdaq and ETFs

MuseLabs chairman Jiang Jinze, former China chief researcher at Binance Research, argues that the crypto bull market is quite likely to last at least another year from an interest-rate perspective, and that crypto's correlation with the Nasdaq mainly reflects both being tied to interest rates rather than one following the other. He says the spot Bitcoin ETF could reach roughly 1% of US asset management scale, noting that a 1% allocation from the US open-fund pool of 9.7 trillion dollars would mean about 97 billion dollars of inflows. He expects Bitcoin to trade between 60,000 and 70,000 dollars in the short term, with a rally to 130,000 to 170,000 dollars possible if the Fed cuts rates smoothly.