The Greatest Crypto Bull Market You've Ever Seen

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30 Jan 2024

Throughout your life there will be a handful of decisions that you make that will change your life financially forever. For the better, or the worse. We have now reached one of those critical moments and what you do from here on out will determine your fate. The opportunity is out there, you just need to have the will and motivation to take advantage of it.
The cryptocurrency market appears to be on the verge of doing something incredibly special. It’s hard to imagine that just a year ago many financial pundits had declared that the death blow had finally been dealt to the crypto market. We were just coming to grips with the fallout of the FTX fraud, and the price of Bitcoin had fallen much further than many thought possible. Dropping down to $15,000.
However, since then the price has done nothing but go up. We have now entered 2024 with Bitcoin reaching $49k and most believe that this is only the beginning.

The Bitcoin Spot ETF

The news that shocked the financial world in 2023 was that BlackRock had filed for a Bitcoin Spot ETF. This development alone caused the chances of the Spot ETF being approved from highly unlikely, to a near certainty. And just this week the ETFs were finally approved and began trading.
It may not happen today, next week, or even next month. With that said, these ETFs will cause a massive inflow of capital into the Bitcoin market that we have never seen before. All of a sudden the Bitcoin price predictions that ARK Invest has made declaring that Bitcoin could reach a price of $1.5 million by 2030 doesn’t seem quite as impossible.

The Bitcoin Halving

The next catalyst for the crypto market that is looming on the horizon is the Bitcoin halving. If you are unaware, approximately every four years the Bitcoin issuance reward that is given to miners is cut in half. In 2024 the new Bitcoin created during each block will drop 6.25, down to 3.125.
History doesn’t repeat, but in the cryptocurrency market, it does rhyme a lot. In its short history, Bitcoin has always gone through 4-year cycles revolving around the halving being the catalyst that sets off the bull market.
Around 6 months after the halving takes place there begins to be a supply shock in the market, causing the price of Bitcoin to soar. Resulting in Bitcoin’s price going parabolic for around 18 months. The market becomes euphoric until there is a blow off the top in price. This sends Bitcoin into a deep bear market for 18 months until the price bottoms. Finally, the next Bitcoin halving is once again on the horizon. Prices begin to recover and we repeat the process all over again.
However, this time is different.
The first reason this halving will be different is due to the Bitcoin ETF being approved. This is the first time that Wall Street will be able to participate. With the unprecedented demand and the supply being cut even further. The only thing that we can count on is that there will be fireworks. This is a show that you won’t want to miss.
The other reason is that many experts in the crypto market believe that the previous bull cycle was cut prematurely short. Bitcoin’s wings were clipped due to all the self-inflicted wounds that were taking place in the cryptocurrency market. Terra Luna/UST going to zero, and the insolvencies that ravaged the market, all capped off by the FTX fraud; one of the largest financial scandals in history.
What this all means is that Bitcoin is going to make up for lost time. The type of bull run that we have always dreamed about could soon be taking place.

Ethereum Hype

Often caught in the shadow of Bitcoin; Ethereum is about to have a big coming-out party and you aren’t ready for it.
This will be Ethereum’s first “full bull-cycle” with EIP-1559 implemented. This was an update to the Ethereum protocol that causes a large percentage of gas fees from ETH transactions to be burned. Causing the Ethereum blockchain to become deflationary during peak times of use. If the Bitcoin halving can be the catalyst to ignite the bull market. Ethereum being deflationary can send it into second gear.
If that wasn’t enough, EIP-4844 will also soon be implemented into Ethereum. This upgrade will cause fees on ETH layer 2s to drop by 90% or more. All of a sudden the Ethereum ecosystem will become a lot more affordable to use. There will be a resurgence in Ethereum, and it will come back with rage.
Finally, it is highly rumored that a Spot Ethereum ETF could soon be on the horizon as well. If we learned anything during the lead-up to the Bitcoin ETF. It’s that we can expect Ethereum’s price to go much higher. During the last few months, a large amount of the crypto market has had their eyes set on Solana, but they will soon be reminded that Ethereum is the king when it comes to smart-contract blockchains.
We Are Just Getting Started
It may be hard to believe, but this bull run hasn’t even started yet. When looking at the psychology of the market cycle, it’s likely that we are somewhere between hope and optimism. Wall Street hasn’t completely entered the market, and normal retail buyers haven’t come back to crypto yet either. This entire run up has been caused by cryptocurrency enthusiasts who refused to sell, and wanted to front-run Wall Street.
Due to big money finally entering Bitcoin this will likely cause a stampede of capital rushing into the market that we could never have imagined before. Causing prices to soar to heights that many thought were impossible. With that said, that also means that since Wall Street is entering the market, that this could be the last bull cycle where prices go absolutely parabolic.
One thing is for certain. The cryptocurrency market is about to go into a frenzy, and people’s lives are going to change forever.