30 Jan When Will The Next Crypto Bull Run Be?
Posted at 11:47h in Uncategorized
There are many triggers that could set off a bull run. We believe that the market has reached its bottom or is very close since the last bull run ended in Jan 2018.
- The Launch of Bakkt – Bakkt’s launch has been delayed due to the Commodities Futures ad Trading Commission being shutdown during the US government shutdown. This has meant that approval from the regulatory body has been pushed back further. Once there is approval from the CFTC, it would be the first time in Crypto history that an exchange would offer a physically settled Bitcoin future. This could quite easily lead to a mega bull run as many high-level investors (including wall street) would enter the market. Bringing billions of dollars into the industry.
- Bitcoin ETF – A Bitcoin ETF would once again allow high level investment to enter the market. This would be due to the fact that investors could buy into the ETF without having to go through the complexity of trading. According to many analysts a Bitcoin ETF is due at some point in 2019, however the US government shutdown has delayed its approval.
- Samsung s10 phone – There are rumours that the launch of Samsung’s s10 in February may support a Cryptocurrency wallet. This would expose some 1.2 billion users to the market. Needless to say, this much exposure would bring digital assets to the mainstream audience.
- Fidelity Bitcoin Service – Fidelity are offering institutions a custody service which is due to launch in March. This could cause huge market growth as institutional investors would enter the market without having to hold physical Bitcoins. The white glove service carried out by Fidelity could lead to institutional FOMO, causing the market to explode.