A prominent voice in the cryptocurrency community, known as Lady of Crypto, has challenged the popular belief that the current bull run in the digital asset market will be shorter than previous cycles. In a detailed X thread, she argues that the influx of institutional money and the changing dynamics of Bitcoin’s adoption suggest a potentially prolonged bullish period.
Lady of Crypto, whose analysis has garnered significant attention, contends that Bitcoin’s recent all-time high price surge is not a reliable indicator of the bull run’s duration. Unlike previous cycles, she explains, the current rally is driven by a different set of investors – institutional players – whose involvement has propelled Bitcoin to new heights.
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Show more +“Bitcoin has taken its first step towards mass adoption,” she writes, “And with that has come a wave of institutional money that propelled it to all-time highs. But the people driving this rally are different from those who drove the last three. So, BTC is no longer a cycle indicator.”
To support her argument, Lady of Crypto presents a comprehensive analysis of various metrics, including YouTube subscriber growth, video views, Twitter follower counts, and Google search trends related to cryptocurrencies. These data points, she asserts, suggest that retail investor interest in digital assets is only beginning to pick up momentum, indicating that the current bull run may still be in its early stages.
“Search queries for crypto are picking back up again but are still very low compared to last bull run. This indicates that retail is only just starting to trickle back in,” she notes, referencing Google search data for terms like “crypto” and “how to buy crypto.
Lady of Crypto also draws upon George Soros’s theory of reflexivity to explain the potential trajectory of bull runs in the cryptocurrency market. She posits that the current phase represents the “initiation” stage, where positive developments attract retail investors back into the space. This initial interest, she argues, can create a feedback loop that eventually leads to a “momentum phase,” followed by a frenzy of activity and speculative behavior before the inevitable market correction.
“In my opinion, we are only at the initiation phase,” Lady of Crypto concludes. “This loop still has a long way to go, and as retail floods back in, our bags will pump to Valhalla.”
While her analysis challenges the prevailing sentiment, Lady of Crypto’s perspective highlights the nuanced and ever-evolving dynamics of the cryptocurrency market, where institutional and retail investor behavior can significantly impact market cycles and trends.
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