BitWise analysts called the results of the first quarter for bitcoin and the market pessimistic, but said that in the second quarter the first cryptocurrency could demonstrate the rally.

In the review, experts identified favorable to the Crypto Changes in regulatory policy in the United States, which made it possible to increase the volume of bitcoin futures to $ 800 billion.

Analysts indicated the growth of the global money supply (M2 unit) as key catalysts of the possible renewal of the first cryptocurrency rally, which “historically was a favorable condition” for risky assets like bitcoin and cryptocurrencies; Continuation of the Prison Policy by the US authorities and introducing more clarity to regulation.

In addition, geopolitical chaos can push investors to reconsider their portfolios, and the fall of faith in financial institutions can further strengthen the position of cryptocurrencies, experts say.

In their opinion, in the second quarter, a revival of the narrative in Bitcoin as a digital gold that can act as a hedge, independent of tariffs, control of capital and foreign exchange manipulations may occur.

Earlier, Santiment’s specialists said that the optimism of investors has grown markedly, and these participants in the crypto are expected in the medium term to increase bitcoin quotations.