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Next Crypto Bull Run Prediction and Timeline
Plus, Vanguard is bullish on Bitcoin
Big Joe Crypto
July 12, 2023
Hola my friend!
This is Big Joe Crypto, your digital bull-running matador.
Today, we're going over the next crypto bull run plus lots more. Let's jump right in and dance with the bulls! 🐂 💃
When the bulls come out, they mean business!
Here's what's happening today:
🤑 Next crypto bull run – predictions and timelines
🤝 $7 Trillion dollar asset manager Vanguard says “Y-E-S” to more Bitcoin
🏢 Cathie Wood puts the drop on Coinbase stock
Got big crypto questions?
BIG MOVERS: THE CHARTS
*Prices as of 10:55 AM EST. BIG Movers based on top 300 cryptos by market cap.
TODAY’S BIG STORY
When Will the Next Crypto Bull Run Happen and How Long Will It Last?
The crypto market has been in a bear market for the past few years, but there’s growing anticipation that a bull run of epic proportions is on the horizon.
Some experts believe that the next bull run could start sometime in 2023, while others say it might not happen until 2024 or even 2025.
While no one has a crystal ball – except for the funky wizard lady at the weekly flea market – we can still see what’s more than likely to happen.
Here’s how…
3 Big things that will influence the next bull run
1/ The continued adoption of cryptocurrencies by institutional investors. Vanguard, Fidelity, BlackRock, ARK and more are on board.
2/ The development of new and innovative blockchain-based technologies.
3/ The halving of the Bitcoin mining rewards in 2024.
But let’s dig a little deeper.
When Will the Next Bull Run Happen?
Although getting an exact date is more difficult than walking on water, we can use data and key factors that provide clues – and damn good ones!
Let’s break it down….
Bull run factor #1: The length of the current bear market
Just as winter turns into spring, in the world of Bitcoin, bear markets eventually turn into bull markets.
Bear markets = when prices are falling. 📉
Bull markets = when prices are rising. 📈
Looking back, the previous two bear markets, or "crypto winters" as people often call them, lasted about 2 years. If history decides to rhyme, our current bear market could be over by the end of 2023.
Many experts, who read the market's mood like seasoned weather forecasters, suggest that we might already be seeing the early signs of the next Bitcoin bull run.
If that’s the case, this would also be when the “smart money” starts to place their bets.
Either way, all signs point towards the end of 2023 and into 2024 as the potential start of this anticipated bull market – a possibility that we'll delve into more deeply in the sections below.
Bull run factor #2: Bitcoin halving
Bitcoin halving is a key event that happens every four years.
During this event, the number of new bitcoins miners can earn as a reward gets cut in half.
This is important because it makes new bitcoins more rare, which can drive up the price if demand remains high.
It's like if suddenly half the amount of gold or new iPhones were produced, their price could go up because there's less to go around.
Historically, these halving events have often led to a surge in Bitcoin's price, triggering the broader market to head into a bull run.
And the next halving is expected in 2024 – so hold on to your hats!
How High Will Prices Go in the Next Crypto Bull Run?
Prices in the broader crypto market largely depend on where Bitcoin goes so we’ll focus on that.
Bitcoin tends to reach its peak price before other cryptos in a bull market top, so here’s a quick peek into what some of the biggest people in crypto think…
Changpeng Zhao, CEO of Binance: Zhao is betting on Bitcoin reaching a whopping $100,000 per coin during the next bull run.
Samson Mow, CEO of JAN3: Mow has an even more ambitious prediction, seeing Bitcoin soar to $1 million per coin within the next five years.
Willy Woo, Crypto Analyst: Woo forecasts a middle ground, expecting Bitcoin to reach a value of $500,000 per coin in the next market surge.
Tip Draper, famed investor: Draper believes Bitcoin will hit $250,000+ per coin.
These are pretty big ranges between all the predictions, but the consensus across the industry is that that roughly $75,000 to $100,000 is a “safe high”.
Anything above that would be a nice bonus and the markets could definitely surprise us, as Bitcoin always seems to do.
How Long Will the Next Bull Run Last?
The length of the next bull run is also tricky to predict.
The previous two bull runs lasted for about 3 years, but there is no guarantee that the next bull run will be as long.
However, if the next bull run is driven by institutional adoption and new blockchain technologies, it could potentially last for even longer.
What Are the Best Crypto Coins For Next Bull Run?
Just like betting on race horses, picking the champion cryptos for the next bull run involves a mix of calculated strategy and your own personal goals.
That said, here are some easy ones to look into:
Bitcoin (BTC) - always leads the market.
Ethereum (ETH) - another market leader that some think could even “flip” Bitcoin, meaning its market cap could outpace Bitcoin.
Anything outside of these two in my opinion carry considerably more risk.
So, if you want to know how to approach them and how much to allocate to reduce your risk to virtually zero but MAX out your gains, check out my crypto portfolio.
Either way, remember: always do your own research, stay rational, and never put your current lifestyle at risk to FOMO in!
More Big News…
Vanguard Plays Big in Bitcoin Mining Stocks
And since we’re on the topic of upcoming crypto bull runs, here’s the kind of stuff that could help trigger one.
Finance giant Vanguard Group just doubled down on Bitcoin, and no, they didn't find a magical crypto well. 💼🚀
The big move…
In recent filings with the U.S. Securities and Exchange Commission, it was revealed that the asset manager recently increased its stake in Bitcoin mining companies, bringing its exposure to over half a billion dollars.
That's not chump change, even for a company that manages $7.2 trillion in assets!
Vanguard has expanded its holdings in Riot Blockchain and Marathon Digital. Specifically, it beefed up its Marathon Digital stakes by a whopping 60% from 10.9 million shares to 17.5 million.
Feels a bit like watching a world-class athlete pump some serious iron, right? 💪
🤔 Why you should care
If you're knee-deep in the crypto world or even just dipping your toes, this is akin to spotting a Great White Shark in your local paddling pool.
1/ Firstly, this move confirms the growing confidence of institutional investors in the cryptocurrency market, which can be as reassuring as a warm blanket in a snowstorm for individual investors.
It signals that the big boys believe there's serious money to be made in Bitcoin mining.
2/ Secondly, Vanguard's sizable investment could stimulate more interest from other institutional investors. As the saying goes, "where one leads, others follow."
This could mean a potential influx of funds into the crypto market, potentially boosting values.
3/ Lastly, it highlights the growing recognition of Bitcoin's long-term potential and its increasing acceptance as a legitimate asset class.
This could mean a bright future for Bitcoin holders and those considering investing in the digital currency.
Just remember, the crypto game is more of a rollercoaster than a merry-go-round. So buckle up, stay alert, and use a proper investment strategy to reduce your risk.
TODAY'S BIG CRYPTO TIP
Bull Run Tip: Patience, Grasshopper! 🌱 🕰️
As we anticipate the crypto bull run, it's like waiting for the kettle to boil.
And tempting as it may be to jump in headfirst, remember the sage advice of crypto veterans: Patience is a virtue!
Why? Well, FOMO - the Fear Of Missing Out - can lead to rash decisions, like buying at a peak only to watch prices tumble like a clumsy circus clown. Not fun. 🤡
So take a chill pill, sit back, and remember, the tortoise won the race. 🐢
Good things, as they say, come to those who wait. Invest wisely and stay cool, crypto cats!
MORE BIG HEADLINES
📉 CPI comes in lower than expected.
🤨 Crypto scams are down a whopping 77%.
🫣 Cathie Wood’s ARK Invest dumps Coinbase stock as price breaks $90 per share.
BIG LAUGHS! TODAY’S MEMES 😂 🤣
Ouch!
Yup! And if you want to get ahead of a potential pump, learn how and when to load up on BTC 👈️
DISCLAIMER: Nothing in this communication, or from Big Joe Crypto and associated bigjoecrypto.com domains is financial advice. It’s all educational and is not investment advice, a recommendation or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful, stay rational, and do your own research (DYOR).