When you're under the most extreme pressure—from the media, family, friends, the value of your wallet—that's when you forge diamond hands.
If you've been in the market since 2017, then you've experienced not one but two Crypto Winters.
You have diamond hands, even if you've only weathered the past Crypto Winter.
Not only were 2018, 2019, and early 2020 tough times... They were downright unpleasant.
However, that was exactly when the projects prepared for the 2021 bull cycle were established, developed and secured for the mania to develop again.
Not only did Bitcoin topple its previous all-time highs in 2021, but other cryptocurrencies exploded in value even more.
It was this 2021 boom that allowed us to make some of the biggest gains in history.
That is why it is important to prepare during the periods before the bull market begins. That's why forging diamond hands in a Crypto Winter makes you one of the crypto elite.
And if you're just starting your crypto journey, the good news is that the next bull market cycle is just beginning.
You're still early... And that means you're in a prime position as you build your cryptocurrency portfolio and head into 2024.
The case for the bull market for 2024
In 2024, I expect Bitcoin to surpass $69,000 and reach new all-time highs. I hope Ethereum is hot on its heels.
I expect this thanks to several crypto events on the horizon, such as:
The approval of a spot bitcoin exchange-traded fund.
The bitcoin halving, which is scheduled for April 2024.
The eventual approval of an Ethereum spot ETF.
The adoption of bitcoin as a reserve asset by governments, central banks and institutional investors.
Tokenizing stocks, real estate and other real-world assets on blockchains: a $16 trillion opportunity, according to Boston Consulting Group
These are just a few of the big catalysts I see on the horizon for 2024 and as they develop, the market will skyrocket higher. .
What does that look like in practice?
Well, in the chart below you can see how small the 2017-18 peaks are compared to the 2021 peaks.
Now, imagine those 2021 peaks seeming as small as the entire cryptocurrency market hits new all-time highs.
Not only will 2021 seem like a small event... but the peaks of 2017 will barely register on the charts.
Right now, we are starting to see signs that cryptocurrencies are entering a true bull market mania.
When it does, expect FOMO (fear of missing out) to kick in for those who haven't yet added cryptocurrencies to their portfolios or who weren't able to forge their diamond hands in the last Crypto Winter.
I expect that tipping point to come quickly and for this market to go into hyperdrive.
Let me be very clear: the time to act is not when the market is soaring, the time to add crypto to your portfolio is now.
Just like in 2018, the media has no idea what is happening with cryptocurrencies. Therefore, most people will be left in the dark.
But for you who have diamond hands, who seize the opportunity to buy when others are afraid, you have the opportunity to see life-changing profits.
Do you have diamond hands? I read you in the comments.
If you like this article, follow me and share.
We continue reading,
Erika
