Recently there has been a popular idea circulating around the cryptocurrency market. If you have been paying attention closely, perhaps you’ve already heard it. The idea is that this next bull cycle will be the very last cycle that goes completely parabolic. Meaning that it will be your last chance to enter the market and be considered early, while still being able to change your life forever financially. There are a lot of reasons why people are beginning to believe this theory; but could this really be the last crypto cycle?
Let’s dig into this deeper.
The first thing that you need to know is that this doesn’t mean that Bitcoin, Ethereum, and the crypto market won’t continue to be successful in the future. They will. It just means that people are expecting the parabolic growth of this market to begin to slow down. This happens in every financial market as assets begin to mature. Look at the stock of Apple. When it had a smaller market cap, it was much easier for its price to double, or even triple. But now it is worth trillions of dollars, it now appreciates at a smaller rate than before.
Eventually, the same thing will happen with Bitcoin. It’s not a question of if, but rather when.
Could we see the growth of Bitcoin begin to slow after it reaches a few hundred thousand per Bitcoin? It’s possible. However, it’s also possible that this could happen after it is worth millions per coin, and beyond. No one knows for sure when the price of Bitcoin will begin to plateau.
But why this cycle?
There are two reasons why some people are beginning to believe that this cycle prices will go absolutely parabolic, but it could be the last time that happens.
The first reason is that this cycle Wall Street, asset managers, and corporations are all entering the Bitcoin and crypto market. There will be a stampede rush into the market. BlackRock applying for a spot Bitcoin ETF was an announcement that shook the world, in terms of how the finance world views Bitcoin. All of a sudden, it isn’t a taboo to be investing in it. After all, if BlackRock is doing it. So can we.
This will be a giant catalyst that will make the price of Bitcoin soar. Reaching $100k will only be the first stop, and it will likely soar much higher. While that is very exciting, it is important to remember what happens after these large players join the market. They will control it. The days when Bitcoin was the most volatile asset on Earth will begin to disappear. Instead, its volatility will more closely resemble stocks.
The second reason is that many people feel that the last cycle was cut short due to a huge variety of factors. Ranging from inflation, Covid, The SEC going after crypto, the Russia/Ukraine war, China banning Bitcoin, ESG, and mining FUD, and then all of the self-inflicted wounds from lending companies going insolvent. All capped off with FTX’s fraud being discovered.
Last cycle there were predictions everywhere that not only would Bitcoin reach a price of $100k, but much, much higher. If we had a normal cycle, where would prices be today? They could be at the same levels or could be completely different. Either way, it is an interesting idea to think about. The people believe that Bitcoin will make up for lost time.
So what if this is the last and best crypto cycle? Just how high could Bitcoin and Ethereum go? No one, including me, has the answer to this question. However, one thing is for certain. Those who have been accumulating Bitcoin and crypto for all of these years will be rewarded greatly. Those famous theories about Bitcoin someday causing the largest transfer of wealth the world has ever seen could be true. And this could be that moment.
How about you? Do you think this will be the last parabolic crypto cycle
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As always, thank you for reading!