Crypto Market Set for the Next Bull-Run Following the Bitcoin Halving Cycle Per Stansberry Analyst Eric Wade
Eric Wade, who works with established the Stansberry Research Group, recently opened up his own Cryptocurrency Masterclass to share insights about his Crypto Capital research service.
In addition to the Stansberry Research Cryptocurrency Masterclass program, Eric Wade also shared recent insights on the next crypto market bull run following the recent bitcoin halving cycle. According to the financial analyst, the crypto market is geared up for another bull-run due to a number of specific reasons outline in his post and Crypto Capital service. In a recent analysis, the former Wall street banker (who sold the WallStreet.com domain name for $1 million) has said that the crypto market is set to experience a big change which only a few have spotted as of now, especially as the BTC price shaved off nearly $1,000 in the past week.
“It's like an oncoming train that you can't see yet. There's a thrum in the air. And the rails are starting to vibrate.” reads the post.
In his view, the new bull-run will be accelerated by big institutional players like hedge funds and Venture Capitalists who flocked the market after Bitcoin rallied to $20,000 back in 2017. In addition, the crypto market appears to have followed a certain pattern over its decade of existence. Wade speculates that the market has been consolidating since 2018 and is likely to hit new-highs very soon as per the cycle.
Aside from his recent rundown of the catalysts of the emerging cryptoasset class, Eric Wade's Cryptocurrency Masterclass with Stansberry Research is meant to be a course that shares everything you need to know about bitcoin and cryptocurrencies for 2020 and beyond. The former Merrill Lynch financial manager, who apparently turned $7 investment into $1 million gain, is now focused solely on the crypto markets and educating the newcomers joining the ecosystem from all around the world.
The Bull Factors in Crypto Markets
As expected, an upward shift in market prices has to be supported by fundamental factors. Wade has since highlighted that the recent BTC halving is one of the factors that might cause a significant price shift. Previous BTC halving's in 2012 and 2016 were characterized by an accumulation period followed by big bull markets. According to Wade, the shock in supply is met by an upward shift in Bitcoin prices. While it is still early to feel the May 2020 halving effects, Wade is optimistic that the trend will replicate itself.
Other than the halving, governments have been exposed by the COVID-19 pandemic. Today, quite a number have printed huge sums of money which seems to be eroding the confidence in them. Tesla founder, Elon Musk, has said on twitter that central banks recent behavior has made Bitcoin ‘look solid by comparison‘. Wade, who is opening up the Crypto Masterclass with Stansberry Research, is a long standing advocate for bitcoin and many major altcoins. Having wrote pieces ranging all over the crypto ecosystem: such as ‘How Bitcoin Will Survive the U.S. Government' or ‘Become a Blockchain Expert in Less Than Four Minutes' – Eric is a forward facing researcher who will detail everything there is to know about the program and his Crypto Capital research service for aspiring investors looking to get a formal education about how bitcoin works and why cryptocurrencies are set to change the future of finance.
Furthermore, the masses are moving towards paperless money in a bid to keep the pandemic at bay. It is no surprise that large retailers have heeded to the FinTech call with some like Starbucks accepting Bitcoin. Wade predicts that the next bull-run will see the crypto market cap increase tenfold into a trillion plus league (the current all time high is when it reached $838 Billion back in January 2018 and sits at $250 Billion today):
“When the next bull market begins, crypto's userbase will grow by 10 times or more… the industry's entire market cap will balloon into the trillions… and many cryptos could soar thousands of percent.”
Wade, who is releasing the Cryptocurrency Masterclass with Stansberry Research just after the third bitcoin halving, went on to put some virtual respect on his bitcoin is digital gold perspective:
“Many investors see bitcoin as a store of value, or “gold 2.0.” But bitcoin isn't just “digital gold.” It has far bigger upside right now. Its supply can't be artificially increased because it's not issued by a central bank. In other words, bitcoin prices aren't set by a narrative, but by supply and demand… And that demand has come roaring back…Plus, as we said… the latest halving is something that has only happened twice before. And both times, it sent bitcoin soaring.”
A simple but humorous questions is, where is he wrong?
Despite the skepticism, BTC has survived the odds as a living breathing entity for the past 136 months straight. Since Satoshi's release of the blockchain-based bitcoin network software system on January 3, 2009, to its third halving cycle of thirty three scheduled, Bitcoin with a capital ₿ is outperforming all other asset classes in the last ten years. Some now tout it as the ‘digital gold' or ‘gold 2.0‘; this narrative has caused a surge in demand recently as more people acquire a part of this leading crypto asset.
One thing is for certain, a long-standing early-day adopter and now leading bitcoin finance researcher, Eric Wade, by way of Stansberry Research, has put together the Cryptocurrency Masterclass to present his Crypto Capital newsletter research service. The aim is to help educate, inform and support those who see the advantage of staying cutting-edge relevant about the future of Bitcoin's optimistic outlook as a blossoming force within the financial hierarchy of the world's economical backbone.
Looking back, the first halving in November 2012 was followed by an 8,000% spike in Bitcoin's price within the course of 2013. It was initially trading at $12 but had jumped to $994 by the end of 2013. This pattern was repeated in 2016 when the coin soared 2,900% to trade at $20,000 in 2017 from $650. While the stats point to a likely replication, the volatile nature of crypto markets has always taken us by surprise and only time can tell where the wind will blow.
To find out more on the Stansberry Research Cryptocurrency Masterclass by Eric Wade, go watch and read what the bitcoin advocate, analyst and crypto aficionado has in store today.