It is obvious that this market cycle is unique to all others before it. I’ve said this many times and the sentiment just continues dragging on and on into what feels like an endless abyss of corporate manipulation, political nonsense and global upheaval.
However, like the force of a recurve bow being accumulated with a long steady pull back, soon the market will erupt into the parabolic stages we know to expect but not the way we have all been expecting or why.
Degenerates
The meme coin markets and other gimmicks within the space have had their runs. Low liquidity in the bear market enabled low volume projects to rise with proper funding and create sentiments for future growth against the endless number of failing projects in the space. Internal cabals as I like to refer to them orchestrating major well funded pumps have created the idea that anyone can make millions in meme coins if you just…follow the right wallet, get lucky, buy enough of them to increase your odds of success, etc. It’s all nonsense and those day are most likely gone.
Government
With corporate and banking puppets such as Senator Elizabeth Warren having her Operation Chokepoint 2.0 crushed by the Trump Administration’s Pro-Crypto Policies, we have been seeing a steady ramp up of institutional accumulation of Bitcoin and other assets. She is still on the floor saying the same ole nonsense in hopes of thwarting the efforts of pro-crypto folks, but shes screaming to deaf ears now and rightfully so.
The Genius Act just passed the Senate and now heading to a final floor vote before hitting Trumps desk for signature.
Ultimately, the GENIUS Act could make stablecoins more mainstream by bolstering trust in the currency and encouraging more competition in the market, Puckrin says.
“Right now, [the stablecoin market] is, for all intents and purposes, a duopoly. The market is nearly entirely dominated by Circle’s USDC and Tether’s USDT,” Puckrin says.
Since the bill will create a clear pathway for banks and other entities to begin issuing stablecoins, “we’ll likely see a flood of them rush into the market at the start,” he says.
Big banks are gearing up to create their own coins. And while they may not all be successful, Puckrin says they will give consumers more options to find a stablecoin and issuer that works best for their needs.
This will be the first step in enabling banks and institutions from all over to enter a growing variety of investment vehicles as well as create their own.
There are so many developments in the crypto space from a government and regulatory perspective, many of which I’m sure you’re already familiar with that at this point, its undeniable how we are preparing for a major transition out of the old ways and into the new digital finance era.
Cardano
As trillions prepare to be loaded into Bitcoin and other assets, we have to ask ourselves, which Layer 1 blockchain stands to gain the most from sheer use and accumulation over time. One that shuts down frequently? One with the bulk of its value retained by dev teams and VC’s? One that has bought its way into the conversation while safe guarding its truth from the public?
Perhaps a truly decentralize blockchain, Proof Of Stake that offers passive yield, 2nd to none security, growing throughput and scalability (#1 in all benchmarks once Leos launches), a privacy layer in Midnight, never shut down or crashed, widely distributed, and with the means of acting as a smart contract layer for other blockchain assets such as Bitcoin, XRP and others? Cardano is primed to take the #2 spot in the crypto market cap in my humble opinion and the proof is everywhere you look.
The one blockchain that has grown its community on merit alone with no marketing. No VC’s pushing narratives to profit from their massive internal holdings. A decentralized governance model in full effect.
Do you think this article about the NASDAQ adding Cardano to its index is just random?
Do you think Trump adding Cardano to its digital asset reserve without Charles even knowing that was happening, random?
Cardinal’s launch by Cardano bridges Bitcoin to DeFi, utilizing Multi-signature and BitVMX for secure, programmable interactions. This is in addition to BitcoinOS. This creates a direct line between Bitcoin and other assets to Cardano Defy and inherently, to Cardano’s coming privacy layer, Midnight…
Midnight
The midnight Glacier Airdrop is coming in July! Any wallet capable of connecting to a Dapp will be able to claim the airdrop. Lace Wallet is likely the best choice for this as they have been in direct dev relationship with the Midnight team.
Overall
In my recent video Cardano Bull Market in 4 Days, I show how June 15th is typically the date the major bull market begins kicking off in the alt coins. I am extremely bullish on the rest of this year. We need Powell to Drop rates and kick on QE to see the real parabola we’ve grown to expect and I do believe it will happen, but a part of me believes Powell knows this, as does Blackrock and until they have accumulated all of the over the counter BTC available (which is dropping rapidly), Im not convinced the dam will be broken by the FED. Why act to increase the price of assets in growing demand before you need to? We know they all work together to coordinate these things and I believe a great deal of price suppression has been happening through this entire market. When everyone has their cheeks full however, the market will explode like we’ve never seen before. That, I believe 100%.
This newsletter is just a matter of opinion and not to be considered financial advice.
If youdont yet have a copy of my first book, The Adventures Of Billy Bolts: Gears Of Fate, more reviews have been coming in and it’s been very inspiring! 13 5 Star reviews so far with more coming!