No need to be vegan to enjoy the greenery.
Apparently the crypto game has been on fire today, with the total cryptocurrency market capitalization about to hit the $2.2 trillion mark. Many of the most promising projects out there are demonstrating massive growth, as we are gearing up for the beginning of the second month of Q2. Don't forget, we have entered the institutional age of the crypto game; quarterly reports are a thing, and so are monthly reports.
This is why I believe that we are now entering a new phase of the game, where peaks and dips are going to be more frequent and much bigger. Until we reach the peak of the early majority cycle that is, which will probably take another 2 - 4 years at least. The numbers are just speculation though as nobody has a crystal ball, but you get the picture.
Looks like the much anticipated altcoin run is about to get started, and considering the kind of exposure we have been getting over the last months and the terrible financial state of the world due to the ongoing lockdowns, I believe the crypto game has a lot to gain this time around. Of course, there's a lot more to come in the future as the revolutionary technology behind it all was invented roughly 12 years ago, so it's reasonable to expect gradual growth as the years go by. But there's more to it this time around.
Pushing us into crypto.
Central banks have been printing money like there's no tomorrow lately, and as a result, we are witnessing more and more of it flowing into the cryptocurrency ecosystem. That makes sense because more money in circulation means more money to be invested, but also more value to lose by just holding it in a bank account.
Banksters are currently inflating away your purchasing power if you're holding fiat money, and I'm not here to judge. I'm just a guy blogging about his personal views and experiences; not looking to start a revolution here. Just pointing out that the ongoing crisis and the ways we've come up with to contain it incentivize people with extra funds laying around to invest in crypto.
Nothing new here.
It is true that this has always been the case, but we are now getting bigger and bigger at a much higher pace. The previous bull run created more crypto millionaires than any other, causing a domino effect of awareness and adoption as more and more jubilant crypto folks started being vocal on Twitter, spreading the word about the financial revolution that helped them transform their lives. As expected, more people started getting interested in the game. The world has noticed.
I do believe that the whole crypto thing is still too advanced for the average Joe to delve into the details, but we are slowly getting there. There's a lot of work being done, and the progress made in this direction over the last couple of years has been massive. The thing with crypto is that it's highly contagious, and this is what explains the geometric growth patterns observed between successive bull cycles. We've been getting a new explosion every 2 - 3 years that always makes the previous one look lame.
Is this going to last forever? No. Is there more to come? Most likely. It's still early in the game, and if you take a look around and ask all those people in your surroundings if they know anything about crypto, I'm sure you will agree with me. Now, the question is: how many new explosions would it take for you to say you've made it and quit that damn job that consumes your precious time?
I would love to hear your thoughts in the comments below.
I appreciate your attention.
Alright guys, that's it for now. Thank you for taking the time to read those lines.
Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.
Stay safe and have a good one,
Posted Using LeoFinance Beta