Nansen names conditions for a Bitcoin bull rally.

A resumption of a bitcoin bull market requires regulatory clarity in the US and a sustained decline in underlying inflation. That's the conclusion reached by analyst firm Nansen. 

Researcher Aurélie Barter noted in the report that the narratives of central bankers and the market are shifting: the recession scenario is less probable, and "stubborn" inflation is coming to the fore. 

"This creates non-linear effects, with the result that monetary policy (outside Asia) continues to be more restrictive and in turn, becomes a growing disincentive to risk assets," she wrote.

 

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