New Crypto Bull Run ‘Inevitable’ Says Data Analytics Company CEO

After two years of uncertainty since 2017’s mega bull run, the signs are looking promising for a big crypto rally, says the co-founder of market analytics company Digital Assets Data. 

“I believe a major crypto bull cycle is inevitable,” CEO Mike Alfred told Cointelegraph. 

Coronavirus shakes up the global economy

Several months of coronavirus prevention measures, including business closures and stay-at-home orders, have wounded the global economy. High unemployment numbers means less spending as people look to meet their budgetary needs. 

Extended periods of reduced revenue also foreshadow businesses closures. Meanwhile, mainstream financial markets have rallied amid trillion-dollar U.S. government efforts. Several other nations have pushed similar plans forward. 

Such government action, matched with improved crypto infrastructure, could boost prices in the crypto sphere and spark a fresh crypto bull run Alfred said: 

“The confluence of factors that could help drive this…