Last BEST Chance to Buy Bitcoin

As we race towards a new All Time High for BTC at the end of 2020, I can’t help but take a look back over my journey in the past year of cryptocurrency. “Unprecedented” is a word that has been thrown around by work associates, executive officers, and government officials to describe the massive level of influence that the spread of COVID-19 has had on the world and although it seems odd to make this comparison, I find it strangely suitable to apply the same term to the opportunity that was suddenly gifted to anyone with access to a computer. 

The crash of both the US stock market and cryptocurrency markets back in March essentially reset the 3 year long bearish macro narrative for cryptocurrency.  While the initial crash was jarring, as panicked investors withdrew their capital in droves, the bounce back seen in both markets has been equally astounding.  Fueled by Government stimulus, the price of BTC recovered within weeks, mirrored by similar growth seen in the NASDAQ and S&P 500 stock indexes.  However, while the explosive growth seen in the Stock Market stalled out in the summer, BTC and cryptocurrency markets continued to balloon as speculative investors poured more and more of their funds into DeFi-based, high yield protocols.

Cryptocurrency markets have seen explosive growth, expanding from a total market valuation from about 270 billion at the start of the year, to 400 billion at the beginning of September.  However, just as gravity dictates, what goes up must come down. The strength of the US Dollar rebounded, compounded with additional stimulus talks in D.C. breaking down, resulted in another jarring crash in cryptocurrency markets.  The wild growth caused by speculative investing screeched to a resounding standstill as cryptocurrency markets collectively bled out 80 billion through the course of a week and weaker hands within the community were calling for the end of the bull run amidst chants of “DeFi is Dead!”

BTC DIP

Cryptocurrency markets have seen explosive growth, expanding from a total market valuation from about 270 billion at the start of the year, to 400 billion at the beginning of September.  However, just as gravity dictates, what goes up must come down. The strength of the US Dollar rebounded, compounded with additional stimulus talks in D.C. breaking down, resulted in another jarring crash in cryptocurrency markets.  The wild growth caused by speculative investing screeched to a resounding standstill as cryptocurrency markets collectively bled out 80 billion through the course of a week and weaker hands within the community were calling for the end of the bull run amidst chants of “DeFi is Dead!”

The insane growth followed by jarring losses from March of this year through September represent something known as a “BTC cycle”.  Those of us who have been in the cryptocurrency game for a while will recognize that cryptocurrency markets will move in fairly distinct periods of high volatility.  These periods are shown on the price charts in areas of parabolic growth, followed by a 10-35% price correction.  We are currently at the tail of end of a high growth phase. BTC has rocketed up over 50% in the past 6 weeks (current price of 18.4k per BTC), with a major correction expected to come in the next few weeks.  Once the correction hits, a period of parabolic growth is expected to follow once again.

Macroeconomic conditions have never been so bullish for BTC, with institutional investors such as Grayscale Investment Trust, Paypal, and Microstrategy devouring the available supply at insane rates and the price per BTC within spitting distance of All Time High’s.  Once new all time highs are reached, price discovery will take over and BTC is expected to blast off into the atmosphere and never look back.  The upcoming price correction may YOUR last, BEST opportunity to get a foot in the door of the fastest growing asset class in history.  

Before investing, please remember to do your own research into the space.  Every cryptocurrency investor will eventually learn the value of the phrase, “Do your own research” as most of us are not financial advisors.  However, even the newest of speculative investors should be able to see the vast potential of BTC and where cryptocurrency can take the world. It goes without saying, none of this should not be taken as financial advice, but I have personally set aside a large percentage of my net worth for investing and I’ll be keeping a close watch on the price of BTC in the upcoming weeks. 

You would be wise to do the same.