Hey crypto enthusiasts, Jason Pizzino, the go-to guy for crypto insights, just dropped some wisdom on what 2024 might have in store for Bitcoin (BTC) and the wider crypto market. In his latest YouTube session, where he casually chats with his whopping 303,000 subscribers, Pizzino points out that history might be giving us a hint of a wild ride ahead.
Election Year Excitement and Bitcoin Halving
According to Pizzino, 2024 being a US election year adds an extra dash of excitement. Paired with the anticipated Bitcoin halving in April, he notes that past four-year cycles suggest we might be in for some substantial gains.
Drawing parallels to 2012, another election and halving year, Pizzino highlights the post-election crypto market surge. He speculates that a similar scenario could unfold in the next couple of years.
“So, we had a halving in November of 2012. We had an election in 2012. And we’ve got an election coming up this year as well. And after those elections, like we’ve covered already on the channel, the markets can go absolutely ballistic.”
A Look Back and a Roadmap Forward
Taking us down memory lane, Pizzino reminisces about the 2012 scenario. He talks about the market holding its ground, breaking out, consolidating, and then going on a wild run – a pattern that echoes the 2016-2017 period. In his laid-back style, he suggests we might find ourselves in a similar phase today, serving as a bit of a roadmap for what’s to come.
Altcoins on the Horizon
Pizzino, relying on his observations of second-year market cycles, predicts a flow of capital from Bitcoin to altcoins. In his words, “Now we are in year two, Bitcoin into altcoins. We’re looking at a lot of investors starting to shift from Bitcoin into altcoins…”
Reflecting on the 2015-2016 cycle, he shares that the second year was a fantastic time to transition from BTC to altcoins. Of course, he throws in a cautionary note, advising to remain cautious as the cycle gains momentum in the second half of the year.
So, what’s the current scene? Bitcoin is currently trading at $45,055, showing a 3.3% increase in the last 24 hours. Keep an eye on those charts, and let’s see where this wild ride takes us!