I’m probably one of the few on Hive who called Bitcoin’s bull market as early as 2023. By now, it’s pretty damn clear—BTC’s price has nearly 7X’d from the last bear market’s all-time low. Most altcoins, though? They haven’t come close to that performance.
And that’s where I was wrong...
Back in 2023, I believed that once BTC gained momentum, alts would follow—just like they did in 2020-2021. But damn, was I wrong. As you can all see, altcoins are severely lagging behind BTC, and that’s likely because this cycle resembles 2017 more than 2021.
So why aren’t altcoins keeping up like they did last cycle? Probably because ETFs have propped up demand for BTC, not alts. You constantly see headlines about banks and financial institutions making their Bitcoin exposure public.
Right now, we only have ETH ETFs, meaning the only crypto exposure through ETFs (besides BTC) is Ethereum. But altcoin ETFs are coming, and when they do, we’ll probably see a real altcoin season ignite.
Earlier today, while walking through a mall in a nearby city, I stumbled upon a Bitcoin ATM. It caught my attention, but at the same time, it wasn’t exactly a rare sight—I’ve seen a similar one in a different mall in the same city.
To me, this is just another sign of the madness that’s about to unfold. No one was using it besides me and a friend checking out the requirements (which, of course, involve AML compliance). But I have no doubt that once the bull market heats up again, this ATM will see plenty of action.
You can only buy or sell BTC for cash—no other cryptos.
Bitcoin has been ranging between $90,000 and $108,000 since mid-December, and no one knows when that range will break. Crypto influencers are throwing predictions left and right, but let’s be real—nobody knows for sure.
March, April, and May are historically bullish months, which gives me confidence in the rest of the year. I do have a few regrets about this bull market, but at the same time, I’m grateful to still be in crypto and hopeful for the parabolic phase that might be right around the corner.
The signs are there... Now all we need is price action to follow and the mania phase to be unleashed. My body is ready—it’s been ready since 2017. Maybe this time, I’ll finally make my investments pay off big.
We’ll see...
Have a great Saturday, and see you all next time!
Thanks for your attention,
Adrian