Good morning / afternoon everyone. First off I want to say thank you for tuning in and letting me share my thoughts with you on the current market. I will try to stay inspired to keep these newsletter active. My predictions from last year are coming true day by day and with all the excitement I stopped writing. Back to business though, the bull market is just starting. This goes for all cryptos as well not just Bitcoin. There are cycles to this current bull market. It starts with the King, Bitcoin. Always pay the King respect because the pumps begin and end with Bitcoin. The structure that is repeating its self is something like this. 1.) Bitcoin pumps 2.) Mid caps pump (Eth, LTC,) 3.) Small caps pump (Doge, XRP, TRX,) 4.) Micro Pumps (Shiba, safemoon) then the money goes back into Bitcoin and rinse repeat.
ETH Is to be respected - I do not give Ethereum enough time but in the future I will break it down as best as I can. Congrats on EVERYONE HODL’n ETH the ATH’s are coming fast and often. July 14th is a special day to look for. EIP 1559 goes live and changes the entire protocol for ETH making it a deflationary asset. Unlike Doge where unlimited can be made, or Bitcoin where 21 million is the cap, ETH’s cap will decrease over time. My estimate was that the price surges to $10,000 by year end but I’m upping this prediction to $20,000.
Dogecoin - I was completely wrong about Dogecoin and I apologize to anyone who missed a giant pump because they followed me and not the mass. The research was done, none of it mattered. The macro environment dictated that Dogecoin was worth something so it is worth something. This does not mean it has the technological structure setup that Bitcoin and Ethereum have. Doge is not deflationary nor is it anti inflationary. It does not meet the sound money principles, being scarce, divisible, etc. It is being front ran by Elon Musk and I regret not aping in sooner.
Gold - I believe gold is going to make a surge like it did last July / August where it pushed ATH’s of $2000. If you look at other commodities they are all pumping, Gold is due for its run.
There will be a time in the very near future that your bank will allow you to buy, sell and exchange Bitcoin and other Crypto. The banksters are seeing a wall of money being left the banks and towards coinbase and other exchanges. The marketcap of Bitcoin sits between 1 and 1.1 Trillion. Gold has a marketcap around 10 Trillion we are still so early.
Something big that I read was for the first time in 8 years one of the largest and oldest mining pools with 16% of the total hash rate has left china and now being mined else where. We do not want China to control the hashrate, The U.S should be giving larger incentives for Bitcoin mining but they do not understand it yet. The New York Giants are now being sponsored by Grayscale one of the largest Crypto investment firms in the world. The world is moving very quickly, you do not want to be left behind. If you want to talk more about any of these topics feel free to message me on facebook or Twitter @KevinRevette
Short but sweet, will be back tomorrow with a larger update.
