Brief Crypto Market Analysis – What is to be Expected this Bull Run

Hi Neighbor,

I wanted to share something exciting happening in the world of crypto – and don’t worry, I understand crypto can feel confusing or risky. Right now, though, we’re at a special point in the market, and there’s a big opportunity I think you might find worth checking out.

https://preview.redd.it/yxcbj96k69pd1.jpg?width=1418&format=pjpg&auto=webp&s=e24c3fa58995aee18caa996f5ad55b27f9dcf2d5

We’re just before the start of a bull market and still “early” as it relates to technological adoption based on Metcalfe’s Law. In the last cycle, Bitcoin skyrocketed from around $10,000 to nearly $69,000, while Ethereum rose from about $250 to over $4,800 – gains of over 600% and 1,800%, respectively. Cryptocurrencies like these have shown an incredible capacity for wealth-building, especially during bull runs

Memecoins also surged, with Shiba Inu and Dogecoin reaching market caps of $41 billion and $88 billion, or 43,000,000% and 15,000% respectively. This time, memecoins are expected to lead the charge, much like NFTs did last cycle.

Crypto Facts & Insights:

• Michael Saylor, the CEO of MicroStrategy, predicted the rise of FANG stocks early on, creating billions in wealth. He is now one of the largest Bitcoin holders, projecting Bitcoin could reach $13 million per coin by 2045.
• Fidelity’s Global Head of Macro, Jurrien Timmer, has predicted that Bitcoin’s market cap could rise to $1 billion by 2038.
• BlackRock, the world’s largest asset manager, launched a Bitcoin ETF, with $19.15B AUM. Larry Fink calls Bitcoin, “Digital Gold.”
• Forbes has described cryptocurrencies as “the newest and greatest form of potential wealth-building in the modern era.”

One of the most exciting new projects in this cycle is Kendu Inu, a fast-growing community-led memecoin. It’s developed by Miazaki, a retired multi-millionaire who worked on Shiba Inu. Kendu Inu also has its own NFT Marketplace, giving investors a chance to earn revenue from that too.

No one currently owns more than 2% of Kendu, which means it’s a safer entry than some of the other projects that are dominated by big players.

Crypto isn’t for everyone, but if you’ve ever been curious, now could be the perfect time to explore it. As we stand on the edge of the next big bull market, institutional support from companies like BlackRock, and the proven wealth-building potential of crypto, make this a moment worth considering.

Best,

Your friendly neighborhood investor, Les Goh

Sources:

1. Forbes.com
2. Swanbitcoin.com
3. World Bank Economic Data
4. Yahoofinance.com
5. Blackrock.com
6. MIT Technology Review
7. Kenduinu.com
8. Michael.com
9. Bloomberg.com