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!
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