Today is another great day and l’m still here to update the great community about what is currently speculating in the crypto market. Now, my quick question: have you heard about these, and if yes are you preparing towards the next bullish run in the crypto market with bitcoin as the leader?

THE NEAR EVENTS  EXPERTS BELIEVE THEY CAN BRING ABOUT ANOTHER BULLISH RUN IN THE CRYPTO MARKET ESPECIALLY WITH BITCOIN.

Checking the crypto daily reports from the various platforms, we have high hopes there is another bull run near, and that can quick start from the 29th of February with the one of the biggest events: the expiration of the largest bitcoin options contract. I believe the word bitcoin options contract might be new to some of us so let me just explain it before we proceed.

WHAT ARE BITCOIN OPTIONS?

When we talk of bitcoin options, they are said to be contracts that provide bitcoin investors the right to get the crypto currency at a particular price within a period of time. That means bitcoin options allow bitcoin investors to generate income by banking on which method the price will go (whether increase or decrease). If your option wins, you earn the agreed proportion of your banked crypto currency and if it’s the vice versa too, you lose your banked crypto currency.

According to data from cointelegraph, the last time a similar bitcoin option contract expired (which was on December 25th), bitcoin price rose from $23,000 to $27,000 the next day and then to the $41,000 the few following days, which  was just the expiration of a contract worth about $2.4 billion.

Now, a bitcoin option contract of about $3.7 billion is about to expire on the 29th of this January, and this is the reason why everyone is believing the contract expiration might bring about more increase in the price of bitcoin than the first period which was about $2.4 billion. But this can also have negative effects on bitcoin and the other crypto currencies because winners might be willing to sell off their crypto currencies instead of banking them again. Luckily that is not the only great event near, another one is there and if this doesn’t favour the market, we hope that might help.

The second great event on the first week of February is also here: major bitcoin-buyer, MicroStrategy is also planning to host a virtual titled “bitcoin corporate strategy.” The aim of this virtual MicroStrategy is hosting is to help encourage other companies copy their steps in investing in the crypto currency bitcoin.

Why are we believing this can also pump the market, many of us believe that many other companies will consider to invest in the crypto currencies after the program is over.

Even if these near events have less positive effects on the crypto market, but experts still predict that another bull run will be occuring between from now to August this year. I encourage we all try to invest something into bitcoin before the next bull run starts again.

I will use this opportunity again to conclude my article and again thank all my readers and all the members of Publish0x for supporting me to this far. I would also appreciate any advice from any member concerning my piece l just wrote so that l improve upon my writing on the next articles.

Thank you all for reading my piece and remember to stay safe in this era of the pandemic…

Have a nice day.