TL;DR

• We see three big catalysts on the horizon for Bitcoin (which is the tide that rises all ships/cryptocurrency prices).

• In the next year or so we're expecting to see an increase in:

  1. Bitcoin scarcity

  2. Bitcoin demand

  3. New money entering the global financial system (aka the return of ​liquidity​)

• If these three things happen within 12-18 months of each other, it could create a perfect storm of demand, scarcity, and liquidity that pushes us into a record breaking ​bull run​.

Full Story

A few days ago we got asked how/why we were still so excited about the crypto space, given the market is in the toilet.

Our answer, then and now, is: there's a good chance we're just blind idiots.

(Seriously, we can't rule that out).

Outside of that, our excitement is based around the growing flow of positive news stories - like how the SEC just lost its appeal in the Ripple case, meaning it can't kick up a stink about the ruling until April of next year...

That, and the fact that we see three big catalysts on the horizon for Bitcoin (which is the tide that rises all ships/cryptocurrency prices).

In the next year or so we're expecting to see an increase in:

1. Bitcoin scarcity

2. Bitcoin demand

3. New money entering the global financial system (aka the return of ​liquidity​)

Here's what that expectation is built on...

Bitcoin scarcity: 'The halving' is due to happen in April of 2024. This will see mining rewards cut in half.

Meaning we'll go from having 6.25 new BTC being created/entering the market every 10 mins, to 3.125 BTC.

Less BTC hitting the markets = greater scarcity baaaaby!

Bitcoin demand: The approval of US spot Bitcoin Exchange Traded Fund (ETF).

(Aka: a way to easily and legally buy/sell BTC via the stock market)

This is 'a matter of when, not if,' according to many in the financial sector!

(​Including​ the former head of the SEC).

This would most likely bring unprecedented demand to Bitcoin.

Market liquidity: The Federal Reserve has been hiking rates A LOT of late. They even say they want to do one more before 2023 is out.

These hikes put a lot of pressure on the global financial system, making it much harder for people/companies/institutions to turn a profit.

Stuff is going to start to break within our financial systems...or rather, more stuff is going to start to break.

(Note: the three colossal bank failures we've already seen in 2023).

Which means at some point (probably soon), the Federal Reserve is going to have to start lowering interest rates and printing more money (aka: make it way easier for everyone to borrow/spend/invest new money).

If these three things happen within 12-18 months of each other, it could create a perfect storm of demand, scarcity, and liquidity that pushes us into a record breaking ​bull run​.

And for us, that's worth getting excited about!