One year from the day of Bitcoin’s historic (and temporary) peak, it’s looking very much like the crypto bear market has ended.  We won’t KNOW, of course, except in hindsight.  However, given the scope and intensity of the bloodletting; culminating in a capitulative selling episode catalyzed by - perhaps, intentionally - the NON-EVENT the SV fork turned out to be (and should have been considered from day one); the odds that Bitcoin bottomed at $3,100; and with it, the entire crypto sector; appear extremely high.

The Bitcoin network is stronger than ever – with its use cases becoming more defined, and obvious, with each passing day.  This, amidst a litany of massively pro-Bitcoin events, from every aspect of society…starting with the political, from heightened BrExit tensions to the possibility of a significant U.S. government shutdown and the potential breakup of OPEC.

Financially, the global economy is lapsing into recession – just as Central bank tighten credit to prove they’re in LOL, “control”…yielding crashing stocks, bonds, and legacy financial assets.  To that end, consider that despite plunging bond yields – essentially, bond market investors laughing at the Fed; today was the worst day for junk bonds since the original BrExit scare itself.

https://twitter.com/Andy_Hoffman_CG/status/1075853988849868800

And of course, monetarily – with most fiat currencies at or near all-time lows…but no Central bank options, given they’ve already lowered rates to zero, monetized assets, driven debt to all-time high levels, and pummeled the “99%’s” purchasing power.  This, as Precious Metal demand has plummeted, yielding all-time inflation-adjusted price lows.

I have NEVER been more bullish about cryptocurrency – which in my view, will usurp the status quo as did the harnessing of fire and electricity; radio and television; the internet; cotton gin; automobile; and assembly line.  Bitcoin is unstoppable – as is cryptocurrency in general.  

Don’t bet against it – especially after it’s declined so much; as in the coming years, you will be AMAZED how much impact it’s had on society…a LOT more so than its paltry $130 billion cumulative market cap discounts.