Raoul Pal The Journey Man: Dan Tapiero: The Crypto Bull Market: Everything, Everywhere, All At Once
While the overall economy seems to be showing some signs of slowing down, one sector is showing the opposite. That’s the cryptocurrency market. It had a severe bear market in 2022, amid the collapse of several leveraged brokerage firms.
2023 has marked a move higher, and investors see more potential interest ahead. That’s thanks to big structural changes like the approval of a bitcoin ETF, and bitcoin’s next halving.
The growth of the crypto market marks a new trend in human development. We’re already at a period of exponential growth, thanks to developments like crypto and AI.
But a new crypto bull market could lead to massive profits for investors, even if the rest of the economy struggles.
While many investors may be focused on the price, cryptocurrencies offer users blockchain technology. This tool creates a ledger of transactions that can’t be retroactively changed or adjusted.
And the structure of bitcoin creates a way of transferring wealth without that medium of wealth being manipulated by a central banker.
In short, cryptos offer useful tools for those looking to store their wealth and also profit from growth. So, with trends in place that are bullish for demand, cryptos could be a strong spot for the market going into 2024 and beyond.