Bitcoin has definitely broken out of its previous range. The days of $27,000 holding investors' attention are gone, and it appears that the next upswing for the Bitcoin market is in progress. If you check the all-time chart for BTC, you'll notice that since the all-time low of $15,000, it has steadily recaptured lost ground, conquering level after level on its way up.

However, there are still a few skeptics who don't believe Bitcoin is already in a bull market. Everyone is entitled to their opinions, but personally, I've held the belief that BTC has been in a bull market since early 2023, and I anticipate this trend will persist until the bubble eventually bursts. And it will burst.

I've abandoned my belief in super cycles. I used to subscribe to such theories back in 2021, and because of that, I missed cashing in on another bull market. I am confident that despite the challenging economic conditions and ongoing conflicts, the approval of a Bitcoin spot ETF (likely in spring 2024) will have a positive impact on Bitcoin's price.

When it comes to making the most money during this bull market, it's altcoins that will take the lead. Many of them are still trading at a 90% discount from their all-time highs. While not all of them will perform identically, not everything will surpass its previous all-time high, those aiming to accumulate wealth should seriously consider altcoins.

If BTC experiences a 10X increase from its lowest point in the bear market, we would be looking at a $150,000 BTC. For those who accumulate at these levels, it would represent a solid return on their investment. However, if altcoins like DOGE, SHIB, RUNE, AVA, SOL, and numerous others with high potential mirror their previous bull market performance, investors could potentially achieve a 30X return, particularly if they bought in near the bottom (as I almost did with DOGE).

Last night, I came across the absurd claim that "crypto is a MLM" and that there is no fundamental basis for the astronomical valuations of Bitcoin and some altcoins. Such statements from individuals with little to no involvement in the crypto world irk me. I understand this space well, and it's frustrating to hear baseless criticisms.

Bitcoin hasn't undergone any conventional marketing campaigns because it doesn't have a CEO, a boardroom, or a centralized entity. Its ascent to the asset it is today, as emphasized by Larry Fink, the CEO of BlackRock, is largely due to word-of-mouth publicity.

Figures like Antonopoulos have certainly contributed to Bitcoin's promotion, but they are no different from any miner or Bitcoin investor. Nobody rewarded them with coins for their advocacy. To label crypto as an MLM is simply foolish. While there have been scams like Bitconnect, the broader crypto market is not defined by fraud.

These discussions make me question whether it's worth engaging in crypto conversations with newcomers. I've been a long-time crypto advocate and have tried to educate newcomers about the basics of crypto, but I'm growing weary. I know what I'm doing, and I don't need affirmation from anyone.

However, it's worth noting that I won't be able to use my Binance crypto card after December 20th this year. News broke yesterday that VISA and Mastercard are discontinuing their partnerships with Binance, and it's not difficult to comprehend why. Binance has been under significant scrutiny recently from various quarters, and I believe it's a calculated move. Major players like BlackRock, awaiting approval for their ETF, likely seek to eliminate some competition.

Nonetheless, I'm not overly concerned about this development because I still have my crypto.com VISA card, which remains valid until the end of 2026. I also anticipate that Binance will find a solution to these challenges, just as they have done with previous issues. They previously encountered problems with payment companies facilitating fiat on- and off-ramps in the EU but managed to resolve them.

In any case, crypto is about disruption and resilience, and it certainly is not an MLM. Have a fantastic weekend, folks, and hold onto your coins tightly—the best is yet to come.

Thanks for your attention,
Adrian