Crypto Leaders Weigh In: Will a Bull Run Materialize Before Year-End?

At the Hack Seasons Conference in Singapore, top leaders from the crypto world gathered to discuss an important question: Will we see a new bull run before the year ends? Their thoughts are shaped by market conditions, geopolitical events, and regulatory changes. There’s a mix of optimism and caution in their insights.

AV, CMO at Electra, believes that the timing of the next bull run depends heavily on external factors, especially geopolitics. He points out recent regulatory changes, like increased financial caps, as signs of a bullish trend. “The bull run is actually here already… We’re expecting some moves from October,” he says. However, he adds that bigger gains might not come until after the U.S. elections. He thinks political events and market cycles will dictate when the bull run truly takes off.

Kevin Lee, CEO of Gate.HK, takes a more nuanced view. He suggests that the lines between bull and bear markets are getting blurred. The first U.S. interest rate cut in four years is a promising sign, and the resulting market pump is encouraging. But he warns that the upcoming elections, particularly with one party being more crypto-friendly, could significantly impact the industry worldwide. For Kevin, it’s not just about a bull run; it’s about whether the market will see a lasting positive change.

Gleb Kostarev, CEO of Blum, is cautiously optimistic. He hopes for a bull run but admits it’s hard to predict when it will happen. He echoes the thoughts of other leaders, recognizing that regulations and global trends will shape the market's path in the coming months. While he remains hopeful, he stops short of making bold predictions.

Anjali George, Head of Marketing and Growth at Theoriq, describes the current market as one where “the dominoes are lining up.” She believes a bull run is possible, but several factors need to align. “If everything in the stars align, then maybe,” she notes. Importantly, she emphasizes that builders should keep working, regardless of market conditions. For her, the focus is on steady development, highlighting the resilience of the Web3 space.

Overall, the experts agree that while conditions for a bull run are shaping up, it’s too early to say when it will happen. The upcoming U.S. elections, interest rate cuts, and broader geopolitical factors will likely play key roles in determining the market's direction. Innovators and builders in the space will continue their work, no matter the market highs or lows.