Expectations Rise as Global Manufacturing PMI Grows
Past Bull Markets Coincided with Bitcoin and PMI Upturns
As the Bitcoin market undergoes a correction, some predict that Bitcoin will also rise as the global manufacturing PMI enters a growth phase.
On the 7th (local time), blockchain media Cointelegraph reported that an analysis of the correlation between the manufacturing PMI and Bitcoin prices suggests the possibility of a continued bull market. The manufacturing PMI is one of the leading economic indicators, and it was analyzed that the Bitcoin bull markets in 2017 and 2021 coincided with peaks in the PMI. Therefore, with the PMI turning to growth in January this year for the first time in two years, the possibility of further Bitcoin price increases has been raised.
Raoul Pal, founder of Real Vision, said, "The peak of the Bitcoin bull market is likely to be reached in late 2025 or early 2026." He explained that this PMI increase is a positive signal, given that traditional economic indicators and Bitcoin have shown similar trends. Additionally, on the 7th, U.S. President Donald Trump held a meeting at the White House with key figures from the cryptocurrency industry and signed an executive order officially recognizing Bitcoin as a strategic asset. As a result, the U.S. government will hold about 200,000 Bitcoins as a Strategic Bitcoin Reserve (SBR). These assets were secured through criminal and civil asset forfeiture procedures. The SBR holds a total of five cryptocurrencies, including Bitcoin, but the digital asset reserves will be managed by simply holding without additional purchases. Brian Armstrong, CEO of Coinbase, evaluated this by saying, "A Bitcoin-centered strategy was the best choice."
Industry insiders view this move as an opportunity to enhance Bitcoin's credibility. Stony Chambers Asset Research stated, "The U.S. decision to hold Bitcoin could influence global economic changes," and predicted, "Countries such as the UK, Japan, and Germany, as well as China and Russia, may reconsider their cryptocurrency policies." However, market reactions were somewhat cold. On the day of the meeting, Bitcoin prices fell by 3.2%. Although expectations were reflected that the government would announce direct additional purchase plans, the price dropped as the actual policy fell short of expectations.
Industry experts advise a cautious investment approach amid volatility, while anticipating Bitcoin's long-term growth potential.
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