I went out to dinner with a friend a couple of nights ago. Two entrees, one soup order, and the bill after tip was $70. I took my kids to see a movie. Tickets, popcorn, and drinks and the cost was $70. The movie (IF) sucked. I had a date, and we went bowling. A lane for two games, shoe rentals, and two drinks was $70. As prices increase for everything, we need an edge, an equalizer, an opportunity to increase our net worth faster than our fiat money debases. Crypto is going to offer us this opportunity. 

I’ve been in the crypto space for six years now, and I undoubtedly am more bullish than I have ever been. The market cap is 2.5X the most recent bear market bottom, but I think there’s still a lot of room for things to continue running. 

It’s just a matter of convincing ourselves that this is the time to take a chance. With the cost of living increasing, finding the extra investment dollars to allocate to crypto is hard and uncomfortable. So, I traded in my Starbucks coffee for McDonalds, I am going to eat more meals at home, and I’m going to take my kids to the beach and parks to maximize what should be a historical crypto bull market. 

If you aren’t hungry, here’s why you need to be 

The past 12 months have seen remarkable changes in crypto, setting the table for an eight-course feast. And, if I am right, now might be one of the best times to position yourself for brain-melting gains. 

Let me share why you need to consider allocating more of your portfolio to crypto. 

Crypto is officially an asset class. The US's approval of the BTC and ETH ETFs cemented crypto ownership as legal. Further, large institutional, sovereign, and pension funds can now easily and safely allocate capital (see → trillions of new dollars) to crypto. 

New narratives are here to get excited about. DeFi is being built and integrated with Bitcoin. Memecoins could be the NFTs of the last cycle, making instant riches for the bold and daring. Trading on-chain has never been cheaper. AI could be this cycle’s Metaverse. New Layer 1 blockchains integrate Web2 and Web3, making it easier, faster, and better user experience. 

Real World Assets (RWAa) will begin delivering real value to the crypto asset class. Larry Fink wants to make markets tokenized. He realizes that being the first mover gives his company a massive advantage. Crypto will have a real use case besides speculation and experimentation. 

Crypto has become a political issue. Nothing is better for building the crypto narrative than when Trump or Biden mention crypto in a positive light. This government about-face is a 180-degree sentiment change from the Gary Gensler crypto witch hunt we’ve witnessed for the past four years. 

Trump Tells Libertarians He 'Will Keep Elizabeth Warren And Her Goons Away From Your Bitcoin' 

At the Libertarian Party Convention this weekend, former President Trump pledged to protect crypto from government… 

youtube.com 

Why This is the Ideal Time To Roast the Bears 

Seneca famously said, “Luck happens when preparation meets opportunity.” It’s time for us to get lucky. 

We’ve already outlined the need for higher returns (inflation and monetary debasement). Then, we looked at why crypto is more attractive than ever in history. 

Now, let’s look at the fundamentals and why it makes financial sense to get involved in crypto. Here are some reasons I am confident that the next 6–12 months will catalyze a crypto bull market you will tell your grandchildren about. 

Stock markets are at all-time highs. The rich (asset holders) understand that markets can’t support restrictive monetary policy. Hence, they are bidding up stock prices to record levels. Investors feel flush and seek bigger returns, so they can allocate more to riskier asset classes such as crypto. 

More money will continue flowing into the crypto market via the Bitcoin and Ethereum ETFs. As the price of these two assets increases, it creates an overflow effect, where a rising tide lifts all boats. This phenomenon isn’t limited to the US but worldwide. 

Monetary policy is starting to ease. The Fed announced it is beginning weekly buybacks of $2 billion in nominal coupon securities and up to $500 million in Treasury inflation-protected securities (TIPs). This means that the Fed will add liquidity to the markets instead of withdrawing liquidity. 

Trump is the current favorite to win the 2024 presidential election. Now, the incumbent,Biden, and the Democrats have less than six months to fire up the economy and get voters feeling good so they stand a chance for re-election. 

Bitcoin is building a strong base at its former all-time high. The coiled spring is tightening and getting ready to explode. And when it does, the crypto markets will react quickly. We want to position before the fireworks to make the greatest gains. 

Most importantly, the crowd hasn’t arrived yet. Most people trading crypto today are the same people who have been in the market throughout the bear. This last pump most likely came compliments of the BTC ETF. Retails MIA is also visible because familiar retail names like Doge, Cardano, and XRP haven’t pumped yet.