Alt Thinking October 18, 2024
DeFi Decoded Podcast

Bitcoin Bull Run Begins. What’s Next?

168 - Bitcoin Bull Run Begins. What’s Next?
Investment Team
  • Alex Tapscott, CFA
    Managing Director, Digital Asset Group, Portfolio Manager
    Alex Tapscott, CFA
    Managing Director, Digital Asset Group, Portfolio Manager
    Mr Tapscott is an entrepreneur, business author, and seasoned capital markets professional focused on the impact of emerging technologies, such as blockchain and cryptocurrencies, on business, government, and society. His latest book, Web3: Charting the Internet’s Next Economic and Cultural Frontier (Harper Collins), was published September 19th, 2023. Alex is also the Managing Director of the Digital Assets Group at Ninepoint Partners, one of Canada’s leading investment firms, with more than...
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Alex and Andrew explore the crypto surge, driven by favorable regulations, political shifts, and the FTX case's positive outcome. With ETF options coming soon, investor interest is rising.

Alex and Andrew discuss the recent surge in the crypto market, particularly in Bitcoin, and how it could be attributed to a shift in market sentiment and more favorable regulatory conditions. Trump's improved election odds and Kamala Harris's interest in crypto are also seen as positive influences. The FTX bankruptcy case concluded with a favorable outcome for users, with creditors set to receive 118% of their funds. The introduction of options on ETFs early next year is expected to boost investor interest and demand for crypto. Although a bull run is anticipated, cautious sentiment remains due to previous market cycles, and experts recommend setting preset sell prices to avoid potential losses. The market may see a rise in alternative layer twos, Solana competitors, meme coins, decentralized AI, and DeFi projects, while Bitcoin and Ethereum are expected to underperform mid-cycle but recover towards the end. This recovery could be a warning sign of market dynamics shifting, especially with the growing competition from meme coins drawing attention away from projects with strong fundamentals.

 

 

Part of Ninepoint’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.

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