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Nexo

The Factor That Could Lead To Much Higher Prices This Bitcoin Bull Run

Tony Spilotro by Tony Spilotro
4 months ago
in Bitcoin
0

Bitcoin price reached more than $28,000 over the holiday weekend, giving investors extra to celebrate as the bizarre year of 2020 comes to a close. 

Analysts are mixed — some warn Bitcoin has topped out based on technicals while others look to fundamentals and other factors unique to this cycle such as the emergence of institutional buyers to support continuation. But there’s yet another overlooked factor that one investor and crypto startup founder claims could be a real game-changer during this bull run, that wasn’t around during the last. 

How Crypto Collateral Loans Make This Cycle Special

If you take the current Bitcoin market cycle from top to bottom and layer it over the last (pictured below), it’s clear the first-ever cryptocurrency is trending far stronger than the previous example. 

The last bear market into the raging bull that was 2017, currently stands as the best historical example of what to expect this time around. And by all standards, Bitcoin is beating almost all expectations. 

RELATED READING | MARKET TIMING WIZARD BEHIND TD SIGNAL WARNS OF BITCOIN REVERSAL

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According to Dutch investor and entrepreneur Marc van der Chijs, “one reason” things are different this time around, is due to Bitcoin collateral-based loans. Rather than cashing out crypto holdings to pay bills, taxes, or to cover emergency situations, holders can get cash in exchange for putting some BTC up for collateral. 

By taking that selling pressure out of the market, there’s more likelihood of price rising exponentially, and could be a “game-changer.”

bitcoin loan

Bitcoin’s bull run is way ahead of the last cycle already | Source: BTCUSD on TradingView.com

Other Unique Factors Behind This Bitcoin Bull Run

But that’s just “one reason” this time is “different.” And although that is something investors are warned of foolishly thinking, the evidence does suggest things are shaping up in a unique way this time around. 

Institutions buying at any price, while fiat money is inflated beyond recognition. Markets have gone haywire, and the world is realizing what is to come, and Bitcoin could protect against that. 

RELATED READING | HOW BITCOIN IS THE SOLUTION TO WHAT ONE BILLIONAIRE CALLS AMERICA’S GREATEST RISK

This time around, Bitcoin also appears to have little competition from altcoins that stole at least some of the capital coming in last time around.  

Finally, each cycle is fundamentally different due to the lessening supply that comes following each block reward halving. With less BTC supply and the greatest demand ever, far beyond collateral loans are there enough reasons to believe that this bull run will be the most significant yet for the cryptocurrency. 

Featured image from Deposit Photos, Charts from TradingView.com
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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