Ran Neuner discussed the main reasons for this year’s cryptocurrency failure and shared his predictions for the coming year. Saying that bull markets will really come in 2026, Ran lists 6 important reasons. So, what didn’t happen in 2025, so that there will be a cryptocurrency bull in 2026 with a delay?
2025 Cryptocurrency Bull Scam
Trade between the US and China returns to previous levels to china has already sold 132 thousand soybeans and Nvidia It announced that it has accelerated H200 production to keep up with Chinese demand. Tariff chaos will not be with us on the China front for at least a year, and 2026 means midterm elections for both the Senate and the House of Representatives. Although some Fed members say that current interest rates are almost neutral or even pushed to the limits, the Fed continues to reduce interest rates.
Now, going back to Ran Neuner, he says that 2025 is a scam because the conditions have not prepared the environment for the cryptocurrency bull anyway. The analyst who says that the real bull markets will start next year goes back and analyzes the macroeconomy, liquidity models and past cycles and says that this year is a deception due to the lack of “driving force”.
- While headline M2 increased, net liquidity continued to decline. In other words, the liquidity reaching the markets did not increase, unlike M2.
- PMI continued to narrow.
- QT was still ongoing.
- Economic expansion never started this year. (The suspension of sales in December is a start, but the $40 billion short-term bond purchase announced on Wednesday does not constitute monetary expansion.)
The narrative for 2025 was great and Trump taking office was a great opportunity. However, as Ran put it, “there was no fuel” and so the expected bull market never happened. For exactly these reasons, he thinks that the 2025 cryptocurrency bull is misleading people as a scam.
2026 Cryptocurrency Bull
Well, now we can talk about the good things. While there are already so many negativity for 2026, why does Ran believe that there will be a bullish situation “in an environment where people unanimously accept the prediction of decline in 2026”? Supreme Court tariff decision, MSCI cryptocurrency reserve What is the reason for his optimism when there are many negative developments that will occur in the first quarter alone, such as the delisting of companies on January 15?
2026 will be the year when the conditions that start bull markets emerge for the first time in years.
So it’s like this:
- QT is ending.
- Interest rates are falling.
- TGA pressure is gone.
- Net liquidity has hit rock bottom and must now recover.
- PMI is rising.
- Institutions are preparing for the second wave of capital inflow.
- Regulations are coming. (If no agreement is reached on the drafts in the first quarter, voting will not end until July and until the end of the midterm elections.) crypto laws (In other words, the future of regulations is not that bright. Here is the editor’s note for you.)
Historically, Bitcoin 
$0.00000000000000While liquidity increased, it never entered a bear market. Therefore, although we have many reasons for an increase in 2025, we will experience the real increase in 2026. At least that’s what we’ll see if Ran is right.
