You Know It's Bull Season When This Happens
Is crypto currently in the starts of a bull market? It's often hard to tell. Just like you never really realize you're a bear market until months if not a year later after the damage has already been done. This also applies to crypto but there's some telling signs or at least what I would call signs.
The Things I Listen For
The running joke is once you hear about your grandma getting into crypto the bull market is over and it's time to get out. Well the same I believe applies to the bull market.
When you hear people say crypto is a scam and they are never going to touch it again. Or the likes of JPMorgan talking trash again or our favorite person Charlie Munger (Idk how this dude is still alive to be honest) start trash talking crypto again and rallying their call to use stocks and banks (Which by the way are more corrupt than crypto IMO) you kind of know it's time to get in and the bull run is starting.
We also have news of the SEC trying to crack down and overreach yes once again! To try and make up for their own mistakes which I wrote about yesterday here SEC Attacks Crypto yet again for their own mistakes
All of these things remind me of the 2020 rally and begs the question if we will see a sharp increase in bitcoin price to $35,000 this month into next or not. If we quickly shoot up into $35,000 by the end of this month I'm leaning in towards a bull run.
What's Fueling This?
It honestly feels like a number of things could be going on right now.
We already know that AI is a recent hot topic and AI based cryptos have shot up in price over the last 3 months. That's most likely going to be a central location for this bull rally depending on how fast and how good AI can be developed (or develop itself).
We also know the SEC is trying to further crack down on stable coins and exchanges. This could mean people are piling out of stable coins back into assets such as bitcoin etc.
Web 3 might finally bet getting some real traction as development projects such as LeoThreads start to come forward after years of development and released to the public.
Overall I see the crypto markets taking yet another redical shift over the next two years further away from centralized exchanges and more on to Dex and DeFi while increasingly expanding gaming, social media and AI.