Analyst sees macro shift favoring BTC, predicts final bull run within 3 years

The macroeconomic environment is beginning to shift in favor of Bitcoin, potentially leading to a final bull market within the next one to three years, according to cryptocurrency analyst Michaël van de Poppe. He argued that the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) is poised to exceed 50 for the first time in three years. While the business cycle has been negative, van de Poppe noted that BTC has still risen, thanks to the launch of spot ETFs and available liquidity. He added that the Federal Reserve is preparing to end quantitative tightening (QT) and begin quantitative easing (QE) and interest rate cuts, and that new highs for gold and silver prices last week could also signal a cycle change. This could lead to a final bull market before the onset of a major economic depression, he explained. However, Benjamin Cowen, another cryptocurrency analyst and the founder of Into The Cryptoverse, countered this view, stating that the ISM index is not a reliable indicator for predicting BTC prices.