How to profit from the next Crypto Bull Run
With a current crypto market cap of $1.23 trillion, imagine the possibilities when almost $500 trillion worth of real-world assets are added to the mix!
The world of crypto assets & blockchain tokens has seen its fair share of ups and downs over the years.
As we stand on the cusp of the next massive bull run, let's take a trip down memory lane to examine the history of crypto booms & crashes. From there, we'll delve into the exciting prospects of tokenization and its potential to fuel the next surge in the crypto market.
1. A Glimpse into the Past: Crypto Booms & Crashes
(Note: Some figures have been rounded off.)
2011: Bitcoin's Wild Beginnings
Bitcoin burst onto the scene, soaring to just over a dollar ($1.06) in February, only to dip to $0.67 in April.
This initial excitement was driven by Slashdot posts about the world's first cryptocurrency.
In June, news about Bitcoin's use on the dark web market Silk Road pushed its value to $30, but it eventually crashed to $2.14 by November.
2013-2015: The First Major Crash
Bitcoin's value climbed from $1,127 in November 2013 to a low of $172 in January 2015.
2017-2018: A Record High and the Great Crypto Crash
In 2017, Bitcoin reached a new all-time high of $19,783.
However, the Great Crypto Crash of 2018 saw most cryptocurrencies plummet by 80% from their peak.
Contributing factors included:
FUD surrounding South Korea's potential ban on cryptocurrency trading.
The hacking of Japan's largest cryptocurrency OTC market, Coincheck, leading to suspended trading.
Compromised Binance API keys used to execute irregular trades.
Facebook, Google, and Twitter banning advertisements for ICOs and token sales.
2020-2022: Elon Musk & the Memes Take Over
Bitcoin's value rose from $13,200 in October 2020 to an all-time high of $66,974 in October 2021.
Almost all crypto projects, including meme coins Dogecoin & Shiba Inu, experienced booming growth.
Elon Musk's tweets significantly impacted market movements, and Bitcoin became a legal tender in El Salvador.
However, the party eventually ended, with many cryptocurrencies dropping by over 90%.
Major factors for this crash included global regulatory crackdowns, the Terra Luna bust, and the FTX scam.
2. The Tokenization Revolution: 2023 and Beyond
As we venture into the next era, the stage is set for a new blockchain bull run, fueled primarily by the tokenization of real-world assets, such as:
Art: $65.1 billion
Collectibles: $402 billion
Copyright licenses: $3 trillion
Equities: $109.2 trillion
Precious Metals: $14.8 trillion
Real Estate: $326.5 trillion
Tokenization converts rights to an asset into digital tokens on a blockchain, enabling fractional ownership, improved liquidity, and more efficient trading and management of assets.
With a current crypto market cap of $1.23 trillion, imagine the possibilities when almost $500 trillion worth of real-world assets are added to the mix!
Factors that will drive the next blockchain bull run include:
Advancements in blockchain technology.
The rise of regulated permissioned blockchains.
Increased adoption by businesses and governments.
Growing public awareness of the benefits of decentralized finance.
Increased regulatory clarity.
The entrance of institutional investors.
Now let’s get to the most important question - How to profit from the next Crypto Bull run?
If you are an entrepreneur, now is the time to start building amazing projects around the tokenization of real-world assets.
If you are a crypto enthusiast, now is the time to become a Token Economist so that you can help the next generation of blockchain projects.
If you are a holder, now is the time to identify and pick up tokens of budding blockchain projects.