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When will the next crypto bull market trundle into town? Does anyone care for a wager? A tenner says it’s next Tuesday. Twenty quid? No? Very well, then, let’s dive into the nitty-gritty.
Wasn’t The Last Crypto Bull Market a Riot?
Why yes, if by ‘riot’ you mean a shockingly unprecedented financial uproar that sent millions running for their online wallets with a gleam in their eyes and dreams of Lambos. It’s funny, in a sort of tragicomic way, that when the world stood still amidst the whirlwind of a global pandemic, crypto took a lively sprint and, dare we say, a quantum leap forward.
2020 and 2021 were the veritable salad days for crypto. Every Tom, Dick, and Harriet, when they weren’t trying to perfect sourdough or binge-watch the latest Netflix sensation, became junior day traders. Bitcoin, Ethereum, and even that cheeky little Dogecoin all had their day in the sun.
A Breeding Ground for Crypto Dreams
Free money was aplenty, like manna from heaven, or perhaps more accurately, manna from the government. Economic stimulus checks hit bank accounts, and what was there to spend it on? Not on holidays to Spain or five-star dining. Not even on bog-standard haircuts. So, where did all that moolah go? Why, to the magical mystery world of crypto, of course!
At its zenith, the crypto market cap reached a not-so-shabby 2.32 trillion. That’s a trillion with a ‘t.’ Enough to buy a lot of Teslas. Or a small country.
So, When is the Next Bull Market?
Here we stand, awaiting the next bull market like the arrival of an old friend bearing gifts. When will the bullish winds blow again, turning our modest crypto pennies into heaps of gold?
Here’s a thought: how about never? Shocked? Here’s why.
The last bull market was fuelled by circumstances as unique as a snowflake in the Sahara. The world was locked down, free money was abundant, and we had nothing but time and the internet. It was a ‘perfect storm,’ if you will.
The ‘Hopefully Never’ Scenario
Hoping for another bull market may mean wishing for another global crisis, another lockdown, another wave of free money. Rather grim, don’t you think? It’s like yearning for a flat tire just to experience the joy of a spare.
Instead of pining for another bull market, maybe we should focus on steady, sustainable growth. That doesn’t sound as exciting as overnight millionaires and rocketing coins, but it sounds a heck of a lot better than another global pandemic.
And who knows, maybe the magic of crypto is that it doesn’t need another pandemic to thrive. It’s still young, still evolving. Maybe the next surge will come not from another ‘perfect storm’ but from greater acceptance, better regulation, and broader use.
So, when’s the next crypto bull market? Hopefully, never, for all our sakes. Let’s aim instead for a steady-as-she-goes voyage, with less drama and fewer heart attacks. Because while we’re all up for a bit of a thrill, nobody needs another roller coaster ride like 2020 and 2021. In fact, I think we can all agree that once was more than enough.
