Ah crypto you gotta love it and all the drama around it. I think what really drives people is that crypto is still in general a rather low market cap so it has much more wild swings based on news. For example just today on the jobs report crypto is now up 3% while the stock market is only up a half a percent.

This is always the case as crypto will drastically fall 5% - 15% during major events like this because it's market cap is still so small.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and damnit take responsibility for your own actions instead of blaming others for the actions you take.

Why do I say small?

For all of crypto we are only looking at a current 2.26 trillion dollar market cap which is still lower than what it was in the last bull run and that's with massive inflation and printing of money. We are still FAR off from where bitcoin should be if it was like the last bull run.

With inflation alone our bull market run should be looking at at least 3.3 trillion dollars but when you compare crypto as a whole compared to other markets it's actully crazy small.

If we look at the market cap of previous metals for example we see gold worldwide is a roughly 17 trillion dollar market cap and silver another 1.8 trillion dollar market cap. So just gold and silver along are roughly a 19 trillion dollar market cap making it 7.6x larger than cryptos current market cap.

This is where people get into the speculative guessing game and there thinking that crypto market cap will be that of gold and silver and maybe even replace it. While I personally feel we are far off from this let's just run the theory. Take the current bitcoin price of $62,000 x 7 and we get a hefty $434,000 price point per bitcoin.

While I don't think we will get to that point I could however easily see bitcoin doubling and maybe tripling it's market cap in the next 10 years. That would put us at $186,000 - $124,000 value for bitcoin which personally I've been saying this next bull run I see us at around $114,000 BTC.

The Next Bull

While I still think we are going to go through another two at least cycles of this up and down mess in crypto I do believe that once elections happen that things will ever boom from Trump being elected or kind of flatline with a slow increase under Harris.

Either was as 2025 rolls in it's pretty clear at least to me that the crypto markets will only go up. How fast it goes up will depend on a number of factors including president, SEC changes, regulations and laws and a increased push, wars and many other factors which are anyone's guess at this point.

For me it's still accumulation season. What about you?

Posted Using InLeo Alpha