Bankless When Will We Go Parabolic This Cycle? | RSA+DH
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Jun 5, 2024 After months of flat crypto prices, discussions swirl around whether the true bull market has yet to begin. The potential impact of Ethereum ETFs raises eyebrows, with hopes of reaching the elusive 'banana zone.' There's a humorous take on celebrity memecoins, and insights delve into how macroeconomic factors may influence Bitcoin's future as a store of value. The conversation encourages patience, highlighting upcoming volatility as a time for strategic investment planning. What lies ahead in this unpredictable landscape?
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Boring Bull Market
- This bull market feels boring due to a lack of engaging on-chain activities.
- Previous cycles had exciting trends like ICOs, DeFi summer, and NFTs, but this one is driven by external factors.
Zeroth Inning
- Some believe the real bull market hasn't started yet, citing Solana's rise and the Bitcoin ETF as misleading.
- They suggest these were isolated events, and true crypto-native growth is still to come.
Bitcoin's Dual Currency Role
- Chamath Palihapitiya predicts Bitcoin's price will significantly increase due to countries adopting it as a dual currency.
- He believes Bitcoin will serve as a store of value alongside local currencies for daily transactions.