The Mother of All Bull Markets

We were always going to end up here. It was, as they say, written in the stars.

The “here” that we have arrived at is a new all-time high for bitcoin.

Earlier this week, the granddaddy of crypto sprinted past $73,000, solidly crushing its previous all-time high of just over $69,000 set back in late-2021.

I am quite hopeful that you read my dispatch in January 2023, when I wrote that the “crypto winter” was over, that the bottom was in, and that a new bull market had quietly begun.

If you did invest then… well, congrats: You’ve more than tripled your money in just over a year.

If, however, you did not invest back then, well, I’m telling you here and now that another triple is likely in the cards before this current crypto bull market fades.

That would put bitcoin in the $240,000 range.

And I know how that number looks… like the delusional visions of a Kool-Aid-drinking crypto fanboy.

The “crypto fanboy” part is certainly true…

Delusional?

Not likely.

I have a fundamental reason for my bullish stance…

We are in the early stages of what I truly believe will be the mother of all bull markets—meaning this current crypto bull market is going to create vastly greater wealth than any previous bull market in any other asset class.

I’m not going to dive into that here. I will just say that bitcoin is the subject of the upcoming March issue of Global Intelligence. There, you can read all of my thinking on why bitcoin will see prices of a quarter million dollars or more this cycle.

The potential of this market is already apparent in the moves that many a crypto have already made.

Bitcoin, Ethereum, Solana, Render Token, Chainlink… I could go on.

All are up huge over the past year. Solana is 500% higher. Chainlink’s up 300%. You could’ve bought Render Token for as little as $0.40 back in January 2023. Now it’s flirting with $11, a nearly 28x return in just over a year.

I’ve previously mentioned in Field Notes dispatches a cryptocurrency known as Shadow Token, which has built a blockchain-infrastructure project on Solana. As recently as last fall, you could have spent $1,000 to buy 12,500 SHDW tokens, as they’re known.

Today they’re worth nearly $19,000—a 19x gain in six months.

Late last summer, you could have spent that same $1,000 buying Bonk, a meme coin I wrote about in several dispatches in January 2023.

You’d own about 3.13 billion Bonk tokens that today are worth…

Honestly, you’re not ready for this.

Just go ahead and skip now to any other paragraph farther down if you didn’t take the opportunity to invest in Bonk.

Because that $1,000 of Bonk would today be worth… almost $94,000.

See? You weren’t ready for the fact that crypto investors scored, in the span of seven months, a sum of money nearly 2x the average American salary.

All those returns underscore a rallying cry heard across the cryptosphere these days: “We are so back!”

There is a reason behind all of this.

Sure, some of it is speculative frenzy, particularly in so-called “meme coins.”

But there’s also a growing recognition among businesses, venture capitalists, and early-stage investors who were not around in the last bull market, but who are now realizing that crypto is maturing and the use cases for crypto and blockchain are growing exponentially.

All the negative and mocking commentary you hear and read in the popular press about bitcoin and crypto… dead wrong.

Not even vaguely right if you’re drunk and you close one eye and squint with the other through the bottom of a Coke bottle.

The negativity is all based on uninformed and inaccurate “analysis” from writers who’ve never traded a bitcoin… never owned a crypto wallet… never put money to work in a decentralized finance protocol… never minted a non-fungible token (NFT)… and only write about crypto here and there when big news happens.

I say things like this regularly… but I really need to hammer home the point…

Just because I watched all of Law & Order, The Wire, and CSI: New York, and interviewed a few paralegal interns and several cadets who failed out of the police academy, does not mean I have the skillset to comment meaningfully on policing and the legal processes.

The same goes for writers and commentators who “report” on crypto but aren’t personally involved in the crypto markets…

So, I’m going to repeat my call of January 2023—and tell you: Now is a good time to buy bitcoin. Yes, you missed the easy money back when most people thought we were still in a bear market…

But those people are only just now starting to come around to a bullish view.

Soon enough, bitcoin will touch $80,000, and then $90,000. And then $100,000—a milestone that is going to unleash a euphoria that drives the entire crypto market sharply higher…

It is, as they say, written in the stars.

Don’t miss it this time.