Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Markets
bitcoin 5261112 1920

bitcoin 5261112 1920

The Future Of Crypto Is Bullish: Here’s Why

Aaron Moses by Aaron Moses
May 24, 2021
in Markets
Reading Time: 4 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Many people have lost their faith in the crypto market this month. A lot of investors panic sold the crash and it’s possible some of these people could never return to the crypto scene. While at the moment it seems like it’s the end, it’s important to understand why crypto isn’t going away. In this article today, we are going to discuss the reasons why there is still a lot of reasons to be bullish in crypto.

Bitcoin as a hedge against gold

In a recent video by popular crypto YouTuber Lark Davis, says that Bitcoin is going to continue to be a gold alternative.

“I still believe that Bitcoin is going to be challenging the market cap of gold as a store of value in the coming years. Bitcoin is a gold 2.0 asset. Over time we are going to see Bitcoin challening a ten trillion dollar market cap.”

Lark said that this means Bitcoin could still grow to be fifteen to twenty times as big as it is now in the long term future.

Investors with big money are still coming in

Kevin O’Leary – he is billionaire, investor and known from the TV show Shark Tank – still believes in crypto, especially DeFi.

A key thing to note is how @kevinolearytv is interested in #DeFi

Good chance he bought $ETH on the dip https://t.co/A8hqMXEf3Q

— Mr.OutOfBusiness (@Adouble212) May 24, 2021

O’Leary said recently on a podcast:

“What interests me the most right now is DeFi.”

The host of the show said:

And as the host said that once you go from fiat to crypto, there is no going back, O’Leary responded:

“I don’t want to go back. Why would I?”

To hear this from one of the most intelligent businessmen in the world today is shocking. While O’Leary has been critical of Bitcoin and crypto in the past it seems he’s turning around. Back at the beginning of the year he said:

“I can’t get consistency with any single regulator in endorsing bitcoin for me to do a significant transaction. It’s getting better, but it’s not something every regulator in every market supports.”

What is interesting about big investors like O’Leary and Mark Cuban is that they validate the breakthrough technology of blockchain to the public. Most don’t understand how significant DeFi and blockchain are. They see Dogecoin and think all other cryptos are just like – meaning that there is no value proposition. But public figures such a O’Leary are waking up the public to the utility of blockchain and DeFi. This can change the perspective of many businesses and investors in the long term as especially older and more conservative investors have been critical of cryptocurrencies.

The fact that more conservative investors such as O’Leary are starting to believe in the value of cryptocurrencies is showing that a shift is happening. And who knows, maybe Warren Buffet will change his mind someday as well.

Everything changes on a daily basis

What a difference a day makes in Crypto

Yesterday there was panic towards #BTC

Today there is optimism$BTC #Bitcoin

— Rekt Capital (@rektcapital) May 24, 2021

Sometimes on a bad day, the best thing one can do is to walk away and not look at the market. As Rekt Capital points out here, on bad days most people panic and say that crypto is headed for a multi-year bear market. But in one single day everyone’s sentiments can change. All it takes is Bitcoin to stay above support levels and gain momentum and people seem less worried.

Final thoughts

The important thing to recognize is that last week is not the first time the market has crashed. It happened in 2013 and it happened in 2017. And if you zoom out and see how much the industry has grown since these times, it is astounding. After the historic crash in 2017 many investors thought it was all over. But that crash lead to the greatest growth the industry had ever seen. The market has changed so much and there are so many incredible innoavations that have been made in the last three years. If history is going to repeat itself, we can expect more innovations and industry growth in the coming years.

This article is not financial advice. Please do your own research before purchasing cryptocurrency.

If you liked this article you might also like: What is a super cycle and can we see one?

Aaron Moses
Aaron Moses

Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.

Tags: Cryptocurrency
Previous Post

Crypto Veterans Calling Possible Bear Market

Next Post

Internet Computer (ICP) – The New Kid on The Block

Related Posts

The Swiss Crypto Valley in Zug. (Photo Source: Flickr)

Switzerland Remains As The Pivot Point Of Crypto Institutonalization

by Giancarlo Perlas
January 30, 2023
0

In this article, we shall explore what it means to have crypto institutionalization as well as the pivotal role of...

bitcoin bubble - Image source: Yale

Crypto Market Is Surging – Is It A Bubble Or A Breakthrough?

by Edmond Herrera
January 21, 2023
0

Explore whether the current crypto market boom is an echo bubble or a sign of sustainable growth in this in-depth...

bull x bear maket

Crypto Market Rises After Unexpected Drop in US Retail Sales

by Sammy Ugay
January 19, 2023
0

The cryptocurrency market is experiencing a surge in prices following the release of the latest economic data from the United...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.