Yesterday, I wrote a piece for CoinDesk where I outlined why I believe there will be two bull markets simultaneously playing out in crypto over the next 12-18 months. They edited my write up a bit, so for my Delphi Daily today – I wanted to share the full version with all of you. Enjoy!
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Let’s address the elephant in the room. Despite an unprecedented global pandemic wreaking havoc on just about every major economy on the planet, investors have made quite a lot of money in recent months. Both: traditional and crypto markets. When it comes to the latter, I believe this is just the beginning for those with the discipline and prowess to seek out underappreciated opportunities in this fast-paced industry.
Even without an influx of new capital or users, there is still far too much money tied up in “ghost” protocols (many of which dominate today’s large-cap names), that is likely to be redistributed
