Crypto bull market 2020-21 vs 2025-26

Hello legends, how have you been? Today we will discuss some important things that affect the long-term crypto market. We will compare the rate cuts from 2020 and 2025 and their effect on the crypto market.

Analysts’ Outlook

Analysts at J.P. Morgan and Morningstar anticipate that there will be multiple rate cuts through 2025, potentially dropping the rate to the 2.25%–2.50% range by late 2027.

• J.P. Morgan’s outlook: They’ve been saying that the Fed isn’t stopping after one cut. Their base case is a series of reductions through 2025, aiming to normalize rates back closer to neutral (2.25%–2.50%) over the next few years.
• Morningstar’s outlook: Similar stance. They see the Fed cutting steadily to support growth, with the long-run “neutral” Fed funds rate converging in that 2.25%–2.50% range by late 2027.
• SilverWolf’s outlook: Buy low, sell high.

The 2020–2021 Cuts

In 2020–2021, when COVID hit, the economy froze. To prevent collapse, the Fed cut interest rates close to near zero.

Low rates = money costs almost nothing = encourages people to borrow and spend.

The Fed didn’t just cut rates — it also launched massive QE.

This meant:

• Buying trillions in government bonds and other assets.
• Paying for those