Why The Next 6-12 Months Are Crucial For Crypto

I spoke in a previously about the Securities Exchange Commission (SEC) launching lawsuits against three of the largest crypto exchanges (Binance, Coinbase and Kraken). We’ve also seen major institutions such as Deutsche Bank and Credit Agricole apply for crypto financial products. This appears to be a coordinated effort to stifle independent crypto ownership coinciding with non-custodial (no ownership) options from major institutions.

What they are essentially saying is, you don’t know how to manage your own money.

I’m sure many of us would disagree.

With the Blackrock Bitcoin ETF application leading the way, if it becomes approved, it will open the door to these major financial institutions entering the crypto space. But there is an upside to all of this.

Up until now, crypto has been the realm of the super sovereign-minded. Those of us who intentionally sought to distance ourselves from traditional banks and financial middlemen. We put in the time and effort to learn about this asset class, and perhaps we were even ridiculed for it.

And now? It seems the tide is well and truly turning.

A few years ago, Credit Agricole said Bitcoin will be worth only $1 by 2025. Now that same organisation is lodging crypto financial products as a central piece of their offering.

The phrase ‘eat their words’ comes to mind….

It’s interesting to note that all the gains and market cycles so far have come primarily from retail investors (everyday mum and dad investors). So what do you think will happen when financial bigwigs enter the scene? While crypto was never invented for them, their involvement will expose cryptocurrencies to hundreds of millions of new investors, plus pension funds, self-managed super funds and retirement funds.

I say this all to say:

This is not the time to be turning away from crypto.

People are speculating that Bitcoin will be the focus of attention and Alt coins will sit low for a while. Personally, I think Bitcoin taking centre stage is a good thing because, as the reserve cryptocurrency, it has an on-flow effect to the broader market. If Bitcoin grows, it’s only a matter of time before other cryptocurrencies follow.

So use this time to read everything you can about the sectors you are interested in, educate yourself and continue to dollar cost average into the market. Prepare for the largest institutional led rally we’ve ever had in crypto. It’s coming, and it’s going to be epic.