I have vivid memories of what happened back in the 2015-2017 cryptocurrency market bullish cycle and I believe we will have a repeat of similar proportions.
The years that follow 2023 can result in many altcoins growing by 20, 30 and even up to 50X or more.
The example I am going to show you is much bigger at 370X+ but it should make the picture clear and unmistakable. This is what I see coming for the cryptocurrency market, I might be early which is a mistake I can live with but just opening your mind to this possibility can change your life forever if you are wise enough to plan ahead.
The chart. Litecoin vs U.S. Dollar:
- In April 2015 Litecoin, LTCUSD, hit a low below one dollar at $0.985. From this point a bullish wave ensued that latest for 3 months (91 days) that peaked at $8.967, totaling 810% growth (8X).
- This is already astonishing growth which makes it even more difficult to prepare or accept what was to follow. Many people, especially traders, would rush to call and predict a major crash afterward or some sort of correction just because of the strong growth, something similar to what we see happening today with Bitcoin, where people are calling for a correction just because it is growing. Growth does not equal a correction but that is how traders react based on the conditioning they’ve acquired from participating in the market.
- The initial LTCUSD wave peaked 6-July-2015 and a 49 days correction with a low at $2.405 ended 24-August-2015.
- From August 2015 until December 2017 Litecoin went on a massive bull-run, together with the entire cryptocurrency market. This bull run produced 15,317% growth in value, 153X, Litecoin peaking at $370.
- The total growth from the April 2015 low to the December 2017 high remains at 37,542%, you can see this on the chart above. That is an astonishing 370X.
- The lowest ever LTCUSD went after this massive wave stands at $22.54, more than 800% higher than the August 2015 low, more than 2,180% higher than the April 2015 low.
- I believe we will have something similar… Not as high but many times higher than what anybody is preparing for.
- It will be the opportunity of a LIFETIME. It will be the run of the decade. It will be something that happens once in a generation… When the previous wave happened cryptocurrency was something fringe, unheard off. This time, cryptocurrency is already something mainstream and it will be the switch from fiat money to crypto coins.
The process of the evolution of money will continue to unfold for many decades and fiat will continue to be part of the monetary landscape for many years to come.
But cryptocurrency will become the de-facto money. Bitcoin will evolve, most cryptocurrencies will evolve, innovation will proliferate and a new era of enlightenment, growth, freedom and progress will be with us.
This process can unfold within 30 to 50 years.
The next mayor bullish wave within 1-2 years or 4-5 years if I made the same mistake of being too early as before.
But make no mistake, the deal has been sealed.
The battle for money is over.
Cryptocurrency won.
Namaste.
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