Do you have any good reason to believe that the crypto market is going to grow this year? Do you think we may end up in all red? I do not see the growth and happy investing of last years.
There is plenty of reason the market is gowing to grow and that with high volatility. Really a dream for traders. Institutional money has already started to enter the money. I think this is only the beginning. The market cap put in the overall context is still tiny. The recent 70% drop got a lot of regular investors scared. I think the cap got as low as 300 billion USD. Now we are like 450 billion. I would expect the market to go sideways for a couple more days before some stage in March the next bull run hits the market.
I do expect this, because I expect a big number of additional institutional investors to hit the market. They have nowhere else to go. Stocks and property are in a big bubble not blockchain. So dont get scared out. Dont invest on credit and just find good positions and keep them.
Good analysis, I think you are spot on and I also believe after a bumpy february we will see a bull run in march.