What to Expect from the Next Crypto Bull Run

The Changing Landscape of Cryptocurrency

Forget the skyrocketing prices and the thrill of the crypto party of 2021; it appears that the next bull run won’t be a repeat of past fireworks but more like a candlelit dinner with gradual candlewax dripping – not quite the edge-of-your-seat excitement. Lars Seier Christensen, founder of a blockchain firm, reminds us that this time around, we shouldn’t let our expectations inflate like a well-hydrated soufflé.

Spot Bitcoin ETFs: Overhyped or Helped?

As everyone keeps talking about these shiny new spot Bitcoin ETFs, Christensen throws cold water on this particular hot tub. He believes that just because Bitcoin might have a little spurt doesn’t mean Ethereum and altcoins will follow suit like some crypto conga line. Spoiler alert: They probably won’t be joining the dance floor anytime soon.

The Calendar Countdown

Mark your calendars, folks! October 16th is the date to watch for possible ETF approvals. Let’s take a step back for a moment, though. Delays were expected; it would have been more shocking if everything sailed through without a hitch! The real action takes time.

Corporate Interest vs. Wild Speculation

The markets have been in a slump, but don’t let that fool you—corporate interest in blockchain technology remains strong. “Corporate types need a crypto asset to get stuff done,” says Christensen, which translates to: they aren’t frantically waiting for some massive price hike. Instead, they’re taking a more conservative approach, focusing on functionality over flamboyance.

The Bullish Banter: Contrasting Opinions

Not everyone’s on the same page, however. Ben Simpson, founder of a crypto education platform, argues we may already be in the early stages of a Bitcoin bull market, with data screaming for attention. He claims that accumulation bars could be the pre-party before the actual festivities kick off. He sees Bitcoin and Ether as prime candidates for a glow-up, alongside some daring DeFi tokens that could either sink or swim in this turbulent sea.

The Federal Reserve Factor

With the Federal Reserve hitting ‘pause’ on interest rate hikes, there’s a glimmer of hope, or so analysts suggest. Josh Gilbert suggests that as rates decline, investors will have the courage (or folly) to dabble in riskier assets, including crypto. “2024 looks strong; the Bitcoin halving is the shining star of speculation,” he chirps. But beware! Tina Teng reminds us that it’s still too soon to pop the champagne. We need those central banks to play nice and ease up on tightening policies.