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Messari CEO Says Bull Market Hasn’t Started yet, Predicts Q3/Q4 for Take-off

April 8, 2025
in Australian Crypto News
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  • Eric Turner, CEO of Messari predicts the crypto bull market will experience a resurgence in Q3 or Q4 of 2025.
  • The crypto markets have just experienced their worst quarter since the collapse of FTX in 2022. 
  • Markets have recently experienced an extreme downside reaction to Trump’s tariffs announcement on April 2nd, 2025.
  • Despite this, Turner as well as a panel of other crypto industry leaders have expressed positive sentiment for a significant bullish reversal later this year.

A panel of cryptocurrency industry leaders, including CEO of Messari Eric Turner, have predicted a strong bull market to return later this year. Turner recently featured on a panel alongside Michael van de Poppe at LONGITUDE in Paris, where they discussed their outlook on the crypto markets. 

Opinions differ as to whether the most recent bull run is still ongoing or not. Regardless, investors might question why this bull market has been different to previous bull runs, where capital tended to flow into Bitcoin and then into other altcoins. 

With this flow of money not just occurring on a small scale or in an isolated bubble. Turner implies that a crypto bull market, in the sense that we have known it, hasn’t really occurred yet.

The Thoughts of Crypto Industry Leaders

Turner conveys a compelling case which could explain why this bull market, or ‘cycle’, has been different, explaining how there have been two different sides to the most recent bull market. 

On the one hand, the ETF funds were funnelled into Bitcoin, while on the other hand, certain narratives, or pockets, outperformed in an isolated manner. This raises the question of whether the ETFs prohibited a more fluid dispersion of money into altcoins in a more sustained way.

Positively surprised, Black Monday crash theories fading away as the Nasdaq reclaims 17000 points and #Bitcoin is back above $78K.

Again, closing above $77K and ETH above 0.02 would be a great step.

— Michaël van de Poppe (@CryptoMichNL) April 7, 2025

Van Poppe has also said that while there are different theories as to whether markets continue to bleed, or whether tariffs have been blown out of proportion, that there is a comparison to be made between the current state of the markets and the Covid crash of 2020. 

Van Poppe mentioned how history suggests chaotic selloffs can instigate more favourable conditions for a reversal. 

I actually think the real question is, when does the bull market come? If you ask me, that’s going to be Q3, Q4 of this year.

Eric Turner, CEO of Messari.

Van Poppe also detailed how the Fed stepping in to lower interest rates and stimulating the economy via money printing typically marked a low for markets, and that it’s simply a matter of time to wait for this occurrence again.

CEO of Mantra John Patrick Mullin also cited increased favourable regulatory policy for the crypto markets as a factor to keep in mind as part of the bigger picture. 

Related: Acting SEC Chair Uyeda Orders Review of Crypto Regulations to Boost Deregulation

The panel seemed to suggest once macro headwinds settle down, there are essentially an underlying strong number of factors to feel optimistic towards a strong bullish resurgence in markets. With this change of direction to perhaps occur in the latter half of 2025. 

The Recent State of the Markets

Whether talking about TradFi or cryptocurrencies, markets have been in a state of severe disarray following the tariffs announcement by Trump on April 2nd 2025. Many investors are currently residing in a state of extreme fear as global events play out with a large degree of uncertainty.

Related: Analysts Discuss Trump Tariff Fallout for Crypto, Remain Divided Over Future Direction


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