With around 300 million crypto users, we may be seeing the birth of a brand new asset class, which only happens once every 100 years or so. By the end of this year, it’s predicted to be closer to 600 million. And that’s a lot of people who are ready for the next bull market.

Now, with all the fear, uncertainty, and doubt (FUD) about interest rates, inflation, wars, and inverted yield curves, it’s still up for debate whether it’s a straight line up from here. But in this article, we’ll look at how this cycle is going compared to others. Then, the five most important things that have happened in the last two weeks.

Each one is huge, which keeps making me think that the next bull run in crypto will be the biggest one yet. As always, if you do enjoy anything in the article, then drop a like always appreciated.

Developments

Okay, let’s start by taking a look at one of my favorite charts. And we’ll see how this cycle is progressing against the previous ones.

So, let’s start with one of my favorite charts, which shows the big bull markets that have happened and also the crypto winters. It goes through the middle of the days until the next halving event. And it will happen in about a year.

So, this shows that crypto does have epic bull markets, which is what we’re all waiting for. But right now, we’re going through this hellish crypto winter. Now, let’s not think about this too much. But first, I want to point out the green, and this was the last cycle.

So, as the crypto winter got worse, there was one last rush of money into the market. For about three months, you could buy crypto at its best price before it started falling apart. And it’s possible that the past has happened again. So in this cycle, we had this drop down where Bitcoin came down to around the 15,000 level.

We could get it for that price for about three months. It has now been broken up twice. And right now, this is where we are.

So, if the last cycle is any indication, there could be more legs up. But keep in mind that it can still go down in the last cycle, even though the next event is coming up soon. So just remember that. But guys, the next big bull run is coming up soon.

5 Biggest Developments

Now, let’s look at the five biggest things that have happened in the last couple of weeks. Starting with number one, we heard that more than 1200 German banks will be able to let regular customers trade bitcoin.

So, this was the bank de WP. And it’s a huge German company that deals with more than 5 million securities. They’ve also made a new platform called WP next, which will let 1200 banks offer Bitcoin to retail customers. I’m sure more cryptocurrencies will follow. And this is going to be a next big piece of the next cycle banks are going to get involved.

The second piece of news comes from Germany, where the second-largest stock exchange just got a license to store cryptocurrency. And among the institutions it’s going to help. It will also have banks and brokers, as well as asset managers and family offices. So this is big news all by itself.

The third big piece of news is that Microsoft, one of the biggest tech companies in the world, is going to build an Aetherium crypto wallet that will be built in. So, Microsoft is really pushing innovation with crypto wallets and chat GPT.

The fourth piece of news is that the NASDAQ

He’s also going to make it possible to hold cryptocurrency. This will happen soon, in the second quarter of this year. Again, this is huge news on its own, but just add it to all the others.

And the fifth big piece of news that just came out is that fidelity is now offering crypto to retail customers. You can also get some Kryptos straight from Fidelity.

And all five of these pieces came out in the last two weeks. So, as you can see, even though there is a lot of fear, uncertainty, and doubt (FUD) right now, crypto is still growing. There are now hundreds of millions of users, and this year, hundreds of millions more will join.

Summary

The next bull market is going to be epic. Add to that the fact that thousands more banks are getting involved, huge stock exchanges are making moves for custody, the biggest tech companies in the world are making crypto wallets, and the biggest investment companies in the world are making it even easier for small investors to get involved. And this means that a crazy bull market is coming. And finally, keep in mind that even though the price is going up, it is still possible that crypto could drop one last time before this whole thing starts. This is less likely as the price goes up. So just remember that. So they get up. I hope you liked it, and if you did, please click the “Like” button. If you did, thank you very much, and I’ll see you in the next article. So long for now.

Read more: https://medium.com/coinmonks/crypto-bull-market-coming-the-next-crypto-cycle-6876ead9df1c