Crypto investor Ryan Watkins believes the crypto market is entering a new era, one that could lead to a longer and stronger bull market than many anticipate. He argues that old patterns, like the four-year cycle and “altcoin season,” are becoming obsolete.
The Changing Landscape
Watkins, co-founder of Syncracy Capital, points to several key factors driving this shift:
- Crypto ETFs: The emergence of crypto exchange-traded funds (ETFs) is bringing institutional money into the market.
- Mature Projects: More crypto projects are demonstrating real-world use cases and market viability.
- Government Support: A more crypto-friendly US administration is also playing a role.
He suggests we should stop relying on past market cycles to predict future trends. While ups and downs will continue, the market’s structure, the projects themselves, and the regulatory environment have fundamentally changed. Simpler models from the past are no longer as accurate.
A Longer Bull Run?
Watkins predicts a prolonged bull market, although it might take longer to reach its peak than many expect. He cautions against overly dramatic predictions based on current social media sentiment. He believes the market will eventually reach higher than most anticipate, but the journey will be a bit longer than some are forecasting.
The Explosion of Coins: A Positive?
Watkins sees the massive increase in the number of cryptocurrencies as a positive development. This increased competition, he argues, will force investors to be more selective and strategic, rewarding careful analysis and active management. Making huge returns on obscure coins will become much harder as the market matures.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>
