My guess is between December and end of 1st quarter. I'm going to keep this short and sweet on what I think has been happening lately and what I think is happening going forward. I listened to countless people predict the next bull run looking at charts and government agencies and blah blah blah. Now my opinion is worth just as much or less than the professionals so if you read this take it with a grain of salt.
I don't blog often but in my last post I said why I thought we were near the bottom for bitcoin and why it was a good time to dollar cost avg in. So far it's been working out great. Now I have a theory that I've had for the last several months and so far I think its playing out or at least I think so.
I've heard lots YouTubers and other influencers say the United States needs to get on board or get left behind. Ok stop and think about this. Like it or not the United States is the world leader, its currency the global standard, and it has the most advanced military. They are lots of other issues outside of crypto that the world depends on the United States for and if you think the leaders of these countries are going to jeopardize their relationship with the US, because we (crypto enthusiast) think the US is moving to slow on policies on technology that is less than a decade old guess what they are not. These countries will wait patiently maybe making some small advancements in policy but many will not make any over arching policies that may cause a rift between them and the policies the US eventually sets. Remember this is a global phenomenon.
Now many people will agree that we need regulation and this is what has slowed the crypto market with all of the uncertainty and I agree whole heartedly. It is this that led me to the following conclusion a few months ago. The United States are having mid term elections this November in which their entire legislative branch of government may change. If I was an institutional investor guess what I would be doing? Preparing but not investing. I would be waiting to see who are the new congress men and women before moving forward. It would be to high of a risk to move to aggressively with investments prematurely. Big players need time to lobby grease the wheels make their bribes and see how they can shape policy to best benefit them. Lets not be naive, crypto has become tainted and greed has set in. The alphas will eat first before the rest of the pack.
What should you be doing during this time? My humble opinion is to dollar cost avg in projects you believe in. I think the worst has happen now we need to see who the players in this next round of crypto will be. On a side note start looking at game changing dapps also most of the protocols that will take us to the next level is already here and the scaling solutions will be solved very soon if not already remember timing is everything.