In my 6 years in crypto, this is one of the most bullish setups I've ever seen. In hindsight, it's going to be…

In my 6 years in crypto, this is one of the most bullish setups I've ever seen. In hindsight, it's going to be ridiculously obvious. There are some MONUMENTAL catalysts on the horizon. 🧵: 10 reasons to be stupidly bullish on the next few months in crypto.👇

In this thread, I'm going to outline 10 major catalysts brewing right now for crypto. There has been a lot of talk recently about headwinds (Germans selling, Gox, macro etc.) But the reality is, there is A LOT to look forward to. Here are 10 clear market catalysts.

1. The German government has run out of $BTC to sell. The best thing about overhang, is that once selling is priced into the market, there is a floor on downside and headroom for price to move higher. We still have Gox, but there's now light at the end of the tunnel.

zoomer@zoomerfied · Jul 12, 2024

[ ZOOMER ] GERMAN GOVERNMENT RUNS OUT BITCOIN IN WALLETS: ARKHAM

2. #Bitcoin ETF inflows remain strong. I think many people are underestimating the magnitude of the long-term impact of the ETFs on $BTC. It provides a strong passive bid for the market, and appetite for the ETF isn't going away (we've had +$1b this past month).

3. The US presidential election. Polymarket currently has Trump at a 70% chance of winning the election. There is no doubt that a Trump presidency is a positive catalyst for crypto, given his administration is supportive of the industry (in stark contrast to the Democrats).

4. Trump is speaking at the BTC 2024 conference. Let that sink in. The likely next US PRESIDENT is advocating for $BTC at crypto's BIGGEST conference. Over the past month, Trump has spoken glowingly regarding BTC/crypto - and this further strengthens the case.

5. FTX is repaying $16b to creditors. There has been much talk about the German + Gox overhang. But comparatively little talk about the $16b ($12b in cash) that is being repaid. Many of these recipients will likely re-enter the market, leading to a fresh bid.

6. The Global Liquidity Cycle. It's crazy how correlated crypto (especially $BTC) is to global liquidity. Interestingly, we've been closely following a 65-month cycle. This would suggest a late 2025 peak.

7. Spot ETH ETFs are going live. The Spot $ETH ETFs are imminent, and are a major catalyst for the crypto market, lending further credibility to its standing as a legitimate asset class. Remember that this is THE FIRST EVER ALTCOIN TO GET AN ETF.

db@tier10k · Jul 15, 2024

*CORRECT: ETH ETF'S TO LAUNCH TUESDAY 23RD: BALCHUNAS (ADDS DATE) Source: DB | Coins: ETH

8. Goldman Sachs is launching 3 tokenization projects. If you thought tokenisation was a fad - think again. The institutions are here, and fundamentally this lends significant credibility to the space - directly benefiting many alts like ETH/RWA.

*Walter Bloomberg@DeItaone · Jul 10, 2024

GOLDMAN SACHS TO LAUNCH THREE TOKENIZATION PROJECTS BY END OF YEAR, SAYS DIGITAL ASSETS CHIEF As its peers in traditional finance push deeper into crypto—including BlackRock’s Bitcoin ETF and Fidelity’s trading platform—Goldman Sachs is preparing to make a move of its own. This comes as the 150-year-old banking behemoth is seeing a major uptick in interest from clients, digital assets global head Mathew McDermott told Fortune.

9. Rate cuts. Macro can either be a headwind or a tailwind. But if it moves in the right direction, it can aid all of the aforementioned factors. The market is currently pricing in the possibility of 3 rate cuts this year, with a 90% probability of 25bps cut in September.

10. Markets are forward looking. Over the coming months, you're likely to see the market price in these tailwinds. As crypto is highly reflexive, a positive bid off the back of increased sentiment can, in and of itself, lead to a major rally.

Mippo 🟪@MikeIppolito_ · Jul 11, 2024

Crypto feels like a coiled spring. Here's how I see the next 3 months playing out. 1. More weak economic prints 2. Rate cuts get priced in 3. The market remembers the ETH ETF 4. Trump ups crypto rhetoric 5. Bull market resumes Hang on y'all, we're almost through.

I hope you've found this thread helpful. I'll be covering the latest market developments as they unfold - so follow me @milesdeutscher to stay up to date. Also, do the market (and your bags) a favor and retweet the thread below - let's spread the good vibes! 💙

Miles Deutscher@milesdeutscher · Jul 16, 2024

In my 6 years in crypto, this is one of the most bullish setups I've ever seen. In hindsight, it's going to be ridiculously obvious. There are some MONUMENTAL catalysts on the horizon. 🧵: 10 reasons to be stupidly bullish on the next few months in crypto.👇