Hey everyone! Decided to break down what’s going on with crypto right now since many people are asking.
Why Bitcoin is going crazy right now:
So basically, the main thing is they approved Bitcoin ETF in 2024. Now regular folks can buy Bitcoin through normal brokers without figuring out all these wallets and stuff.
Plus big money is buying $27 billion through ETFs, up 114% in a quarter - that’s just insane! Banks, pension funds - everyone’s buying.
And everyone sees Bitcoin as “digital gold” against inflation. Plus the usual FOMO - everyone’s scared to miss out.
Where we’re flying next:
Bitcoin (now - August):
130-140k coming soon - analysts say August-September
200k by end of year - Bitwise doubles forecast to $200K
Ethereum (August-October):
Right now ETH is hanging around $2,560, but when Bitcoin stabilizes at 140k - Ethereum will rocket to $5,925. Classic pattern!
Altcoin season (September-December):
Experts expect altseason from June to December. Right now Bitcoin dominance is 63% - that’s high, but when it drops to 40% - the party starts.
Real talk about multipliers:
Forget about hundreds of X like in 2021. Arthur Hayes straight up says it won’t be that scale. But 5-20x on good projects is totally realistic.
The pattern is simple:
1. Now: Bitcoin 118K → 140K
1. August-October: Ethereum $2.5K → $5-6K
1. October-December: Altcoin party
Main thing is don’t miss the transitions between phases! Good luck everyone.
P.S. Not financial advice, think for yourselves