Hello leo, what’s your current observation? I am really interested to know more from you. Thanks in advance.
There are many fundamental ground work is going on for trillions of dollars to flow into the crypto market. Few things have been already implemented even without my notice and few things are coming in next few months.
Last year when I said the crypto market capital will reach 5 to 7 trillion USD within next 1 year, that was based on my pure observation without much knowledge about the fundamental source as from where and how these trillions will come. Now, these ground works are being done like many crypto funds are coming and some of them are probably implemented which I don't have the names for now.
Also, very soon Bitcoin ETFs are probably going to come which will allow trillions to flow easily to the market. As I said earlier few times, trillions will not come into the market without regulations. So now many countries like India, china and Russia are doing the ground work to bring certain regulations which will actually legalise the crypto trading in a country and in other words, when a country legalises then even if few hundred USD comes from each user, then trillions of USD are bound to come similar to forex market where 95% traders loose money, but still people come to trade forex.
Now, comparing the market capital of crypto which is oscillating around and below 300 BILLION USD with the market capital of forex which is around 100 TRILLION to 200 TRILLION we can expect at least 100 to 200 times market capital increase in coming 5 to 6 years and at least 15 to 20 times increase within next 6 to 8 months or within 1 year.
Many Forex brokers are smart enough to foresee the coming future that they might go bankrupt if they don't offer crypto trading because cryptos are the future of finance and hence, they are implementing crypto into their platform which will provide huge liquidity to the crypto market.
Many so called as crypto market analysts have no clue about the forex brokers implementing crypto in mt4 platforms and so they don't understand why the market increases or decreases sharply which is bound to happen because many forex brokers like Dukascopy, IC Markets, Pepperstone have crypto available for trading and few billions of pumping and dumping is very much possible in forex. Because in forex we have 5 trillion USD of daily transaction volume, but in crypto hardly it is 20 BILLION USD per Day.
Now, the market is still in confused state which was created last year due to the pump and dump happened after the launch of Bitcoin CFDs. So BTC price quickly increased from 5600 to 19000 within less than a month which was a clear sign of pump and bound to dump which happened later this year.
As I said multiple times, it created a false sense of Bitcoin price crash which was probably a conspiracy by banks and governments to keep the regular traders away from crypto trading where the new crpto traders don't understand that it was pumped in short time due to hype and hence, it was bound to dump. But due to this false sense of crash general public who purchased BTC at 15K or 18K, many of them probably sold out at loss and some of them are despondent to spread fear among other investors. So the market is just oscillating in that range.
So until some of the major ground work is done which I am talking about and few institutional investors come to break the price levels like 10K , 15K and 20K, the regular investors may still be in confused state. Anyway, regular traders will have very less impact on the market once the market capital crosses few trillion USD. So this is like a golden opportunity for crypto long term holders to buy and hold cryptos at this time.
Finally,there is no guarantee that crypto will not go any lower. Cryptos and Bitcoin prices can go any low price because it's just a regular analysis of mine and crypto is a free market and hence, anyone can decide to exit or enter the market at anytime which is not possible with fiat money and this is one of the biggest advantage of using cryptos.