The first bull run was fun times all the way back in 2018 I saw my portfolio blow up to some crazy levels. A near market cap of 1 trillion overall I was living life large with my ETH stack. Then everything came crashing down and it felt like it was a pipe dream.

Fast forward another three years after and we got our next bull run making the one of 2018 look like a dwarf. That means if we keep up this cycle we should see a bull run take place end of 2024 rolling into 2025 at least that would be the 3 year cycle we have been seeing so far.

Many however keep pushing the idea of a bull run late this year and early next year 2024. Which very well could be the case as there's a number of factors which are attempting to speed things up.

It might however not be like previous bull runs in its setup. So let's take a look at what some others are saying and I'll weigh in my own thoughts about what we could be seeing next and how many things are up in the air and would have to fall into place.

It should go without saying... This article is for entertainment purposes only and is not Financial Advice.

The Normal Cycle

The normal cycle of finances would suggest that a bull run cycle would happen late next year so fall into winter time as we have see in the past many times. However without further backing support of other things listed below it most likely would be a rather mediocre rise. Now when I say mediocre we are talking about 30%+ gains which really isn't all that small. It means Bitcoin would touch 50k and pretty much hold around those levels. (Pure speculation of course based on past performance)

DeFi

DeFi was a many player in the last bull run of which many people didn't really understand things like What Is Impermanent Loss and other factors which got many into trouble. The DeFi space could see a MAJOR return though including DEX platforms as many centralized exchanges are being shut down left and right.

Markets and Volumes

One of the biggest key indicators of how well things are going is how much volume of assets are being moved around. This cycle or velocity of crypto is an important precursor of the bull run. You'll see things such as fees start to increase on major networks like BTC and ETH but also overall movements of assets across many fields.

The other large factor is how many active users within systems. So far we are seeing a uptick in active wallets and active users across exchanges and other resources which means the general world is slowly waking up and using crypto again.

What Worries Me

The part that worries me the most is this cycle a lot of people are expecting a bull run and trying to prepare for it. This speculation might be artificially propping up crypto at the moment and might already have set in the so called bull run on the asset. With so many people trying to get ready and accumulate assets before the so called next bull run it worries me that many are already prepared and have the skin in the game and thus a bull run could be a great under performer instead of blowing our socks off this time.

Elections

Right now the people in the white house are very anti crypto and we have been seeing this in both the new outlets, statements from the white house and the actions of the SEC which work for the white house. However the House and court system seem to be on the side of crypto with upholding the current laws and allowing its citizens to have their freedoms (which is what made America great in the first place)

Elections are set to take place in 2024 and another bull factor could come if a pro crypto president comes into power and replaced the current SEC head. This person would most likely have to come from the Republican side.

Posted Using InLeo Alpha