BlockFi CEO and founder, Zac Prince says the road is set for the crypto market, particularly BTC and ETH, to witness a bull run. According to Prince, the US government’s stimulus policies and the upcoming Bitcoin halving are bullish indicators for a rally in the BTC price. He also believes that the recent steady adoption of stablecoin and app development on the Ethereum blockchain could also trigger an increase in ETH’s value.

Prince also explained in a recent interview, how the historic crypto crash that occurred last month came about. According to him, Bitcoin investors began making panic selling when things started getting wobbly and the traditional equity markets were closed. He said they had no other option than to sell their Bitcoin holdings. However, he claims the interesting part of the whole incident is that the market has recovered pretty quickly.

The BlockFi founder believes that although the government will print huge cash to stimulate the economy, he remains uncertain whether that money will be distributed effectively. Nonetheless, he is optimistic that both crypto and the US dollar can skyrocket in value in the near future. Prince noted that the government’s effectiveness in directing the stimulus packages will be an indicator of how fast the traditional markets will recover.

Prince claimed this stimulus package could cause a big separation very soon in terms of performance from equities like tech companies that don’t really have an in-person component to their revenue generation versus the traditional businesses. According to Prince, this is why he thinks it is time for both crypto and the dollar to shine.

Notwithstanding, Prince chose to distance himself from some crypto users who seem to wish for the death of the dollar. To Prince, this situation could cause a lot of pain and suffering to innocent souls. He added that, within the next 5 to 20 years from now, the world could be a place where some combination of the acceleration of dollarization of other economies will emerge. Likewise, we will see the adoption of Bitcoin as a little bit of a reserve in different scenarios start to happen.