- Currently, the FED has paused raising interest rates for 2 months & will have at least 2 more months of maintaining interest rates at the peak (sheep-shearing period) to kill all those who use leverage before the financial markets Just like crypto, stocks & real estate are entering a new cycle.
- The inflation index (CPI) is currently 3.7%. If interest rates are maintained at the peak level, by the end of this year there is a high possibility that the inflation index will return to the Fed's expectation of 2% and begin to reduce interest rates. Maybe the Uptrend will come sooner than expected, around Q1-2024.
- The SEC is deliberately holding back goods to wait for the right time (Fed reduces interest rates) to approve BitcoinETF and technology coins. This will be the starting trigger for the next uptrend cycle. Similar to how Elon Musk shilled BTC to start the uptrend cycle in 2021.
Overview of cycles:
- 2008-2013 (early) focused on pushing #BTC
- 2014-2017 (idea) projects with beautiful whitepapers will be pumped
- 2018-2022 (test) projects will compete with each other in terms of technology to be pumped. New arrays are born and such as L1, Defi, #Gamefi, #Metaverse,...
- 2023-2026 (applied) If last season's experimental projects are not applicable, they will be eliminated like EOS and NEO in the 2017 cycle, unable to compete with new projects launched in 2021. This cycle will focus on pumping projects with high applicability (priority is given to infrastructure). Projects that continue to follow the story of the previous season like ETH killer will be eliminated.
=> 2027-2030 (Mass adoption) ?
Summary: Uptrend may come sooner than expected, around Q1-2024. And BitcoinETF with Web3 and AI technology will be the trigger for the upcoming uptrend cycle and priority should be given to infrastructure and applicable projects instead of betting on old coins (only focusing on technology but not applicable).
