I have SURVIVED and PROFITED from
3 Bullrun cycle. This is my 4th and I've
never seen this many CATALYST.
Before I start please Like, Repost and
save this post.
12 reasons why this cycle is very
bullish like nothing I've seen before.
1. The German Govt has run out of Bitcoin
Almost 50k #Bitcoin that the German Government confiscated has been sold out.
There is still Mt. Gox but these retailers and creditors are more into holding than selling.
2. FTX to repay $16b to creditors
$16 billion worth of stablecoin will be paid out to creditors from the bankrupt crypto exchange FTX.
Read more:
x.com/Ashcryptoreal/…
3. Bitcoin ETF
The approval of the U.S. Bitcoin spot ETF is a catalyst itself.
In 6 months, it accumulated up to $18 billion in total cumulative inflow.
Gold took more than 4 years to reached that amount.
4. USDT Marketcap
$USDT marketcap has made a new ATH.
In the past 9 months, $USDT marketcap added $28 billion. The same thing happened in 2020 pre bullrun.
More $USDT means more liquidity.
5. Global Liquidity Cycle
The Global Liquidity Index shows a strong correlation to global liquidity.
Crypto is following the 65-month long-term cycle.
6. Ethereum ETF and others
The first U.S. spot #Ethereum ETF is expected to start trading on Tuesday, July 23rd.
Bitcoin approval is already big enough. But with ETH, it is bigger.
2 applicants filed for spot SOL ETF.
7. Bitcoin Election
The U.S. election is driven by Bitcoin and cryptocurrency. Front runner Donald Trump is a strong supporter of crypto.
According to Polymarket, there is a 70% chance that Donald Trump will win the election.
Not just that, Joe Biden, Robert F, Kennedy Jr shows interest in cryptocurrency and bitcoin.
Almost half of the voters are considering a candidate who supports crypto.
8. U.S. States are pro-bitcoin
Oklahoma has signed 'Bitcoin Rights' into law. This covers self-custody, the right to mine bitcoin and the use of bitcoin for transactions.
Missouri, Ohio and South Carolina are some of the states that passes the 'Bitcoin Rights' bill.
