How much longer will this current cryptocurrency bull run last, and can inflation extend the bull run?
There are 3 scenarios
- The bull run is over and we crash back to $30,000
- We get a classic bull run that gives us another 20x alt season with some coins going 1,000x until February.
- We get a super cycle and get another 100x on average alt season with some going 1,000x
Currently, the likelihood for a Supercycle is rising more and more due to:
1. Hyperinflation:
Here’s an idea… Lower taxes to offset higher prices. #inflation pic.twitter.com/dSVs23a6RX
— Jeff Harris (@capitalistJeff) November 10, 2021A $1M portfolio is only worth $500,000 pre-Covid and after taxes it’s $300,000.
Millionaires are the new poor. #inflation pic.twitter.com/UUcs7opOVC
— James Bull (@MariusCrypt0) November 10, 2021Inflation at 200%, it’s not the measly 6.2% that the government wants you to believe. So glad my cryptos capture all that inflation for me. https://t.co/uNsawicnND
— James Bull (@MariusCrypt0) November 10, 2021.I put up price tags at the store I work at. Here are some price increases I’ve seen so far pic.twitter.com/h4VHEt3Cge
— Madison (_madison) November 4, 2021.
2. Literally nearly every big company Apple, Facebook, Tesla, MIcrosoft, Nike, Disney etc. heavily entering crypto and buying billions of it
Microsoft
Apple
Alphabet
Amazon
Tesla
Facebook
Nvidia
JP Morgan
Visa
Walmart
Samsung
Are already 11 out of the 20 biggest companies that are now heavily into crypto.
More to follow. https://t.co/NMh42r8KjZ
— James Bull (@MariusCrypt0) November 14, 2021
3. Countries making $BTC, $ETH, $LUNA legal tender
For example, 27% of Americans want Bitcoin to become legal tender and more than 40% in the industry.
Conclusion
This means there is quite a chance that we’ll see a supercycle extending past 2022.
It’s also quite possible that we see an alt-season in Q1 2022, then a correction and then another similar alt-season at the end of 2022.
Regardless, I’m cashing out all of my portfolio in the next altseason. Either way, we’ll enter a 2 years long or a 10 months long bear market, doesn’t matter to me.
I’ll wait for a couple of months after the next alt season and will then re-enter and accumulate the good coins.