Oh, here comes another one of those posts where I enthusiastically share my bullishness about the crypto market, and it seems like nobody cares ??. Or at least, that's the impression I get. And you know why? It's because we're currently in the boring phase of the market, just like we experienced in 2019 and 2020...
Well, to be fair, 2020 wasn't all that bad... but it wasn't exactly great either. BTC did reach a new all-time high at the end of the year, and throughout most of 2021, it continued to set new ATHs. But 2021 didn't bring the explosive bull market we were hoping for, right
We were expecting the market to erupt like a damn volcano, with lava spewing everywhere as a signal for us to take a step back. Instead, we faced a correction, followed by incidents involving LUNA, FTX, and others, and before we knew it, BTC was heading towards $10k.
But BTC didn't drop to $10,000 because smart money (the likes of Blackrock and other whales secretly accumulating) didn't allow it to plummet that low. Many crypto investors who are currently on the sidelines are waiting for someone to pull the trigger and confirm the end of the bear market.
Guess what? It's already over. It ended when BTC surpassed $16,000... And now, this bull market owes us a proper parabolic run and a blow-off top, just like we experienced in 2017. I don't have a crystal ball for anything in crypto, but my gut feeling tells me that BTC will reach $100,000+ by the end of 2024 or the beginning of 2025, and the current cycle seems more similar to the one from 2015-2017 than the previous one.
Of course, there's always the possibility of a black swan event... Anything can happen. But assuming we don't encounter one, the market will likely continue to gradually inflate with occasional corrections (typical of any bull market), until everything becomes extremely overbought and smart money starts exiting the train.
During this phase, there won't be anyone waving the flag to signal plebs that it's time to sell. But you know what will become prevalent? Bullish posts, both on Hive and Twitter. That's when everyone will turn bullish, and they'll believe "there will be no ceiling" for the market.
However, the ceiling is already there, it's part of the game. But most people won't see it, even when they hit it. In a couple of years, many will claim that we're entering a super cycle again. They'll point to AI taking off, Blackrock's involvement in crypto, the potential approval of spot ETFs, and so on. These factors might scream super cycle, but will we truly have one?...
Only time will tell. The idea, though, is that the majority is always bearish near the bottom and bullish near the top. It's the same old story every time, without exception. That's why it's better to position yourself against the majority and be a contrarian. At least, that's the lesson I've learned in over six years of being in crypto.
The next two years are going to be exciting. There will be money to be made, airdrops to catch, and euphoria to revel in. The S&P 500 will likely reach its peak in 2024, and Bitcoin will follow suit a few months later. Stay prepared and don't let opportunities slip away. The market doesn't care about you or me; it can either crush you like a bug or crown you as a crypto lion king.
It largely depends on you whether you'll emerge from this cycle as a crushed bug or a crypto lion king...
Thanks for your attention,
