GM DOers! š
The bull market has arrived. And I bet youāre feeling the FOMO.
Take a deep breath.
The next 24 months are going to be a wild ride. š¢
Myself and the entire Web3 Academy team are here to guide you every step of the way to invest and build in an onchain world in constant transformation.
If thatās what youāre looking for, you're in the right place. š
We've been closely monitoring the crypto market, and it's clear we're entering an exciting phase.
Letās zoom out and see what prices have been up to this yearā¦
š Bitcoinās up 125% YTD.
š Ethereumās up 68% YTD.
š Solanaās up 500% YTD. š¤Æ
Hereās the question everyone is asking me:
Kyle, is it too late to invest in BTC, ETH and SOL? Did I miss it?
To answer this today, weāll look at:
š The Macro Scene: Inflation, Unemployment & The Almighty Dollar
š¢ Solana & Altcoins: Is It Too Late to Invest?
TLDR: Itās not too late to invest. Let me explain why.
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The Macro Scene š
Many are wondering: āWill we have another crypto bull cycle?ā The answer is YES! And according to various macro factors, itās already here.
Hereās the deal. For crypto to have a bull market, the wider macro economy needs to allow people to get their liquidity into risk assets.
If the economy is thriving, more people are likely to invest, hence increasing the liquidity in our beloved crypto economy.
Letās look at Inflation, Employment & The Dollar.
First up, we can see that headline inflation has been going down all of 2023.
And so is the core inflation, which just came in at 4%, lower than the 4.1% level which experts predicted.
Core vs Headline inflation: Core inflation excludes volatile goods like food and energy prices, while headline inflation includes all goods and services.
So inflationās down. But what does it mean?
It means that people can better afford their daily costs of living, which is what leads them to invest in risk assets like stocks and crypto, because they have money to spare.
So what about unemployment?
Well, it is rising.
Unemployment going up sucks for the wider society. However, it signals a good opportunity for investors.
Iāve said this in past PRO reports but just as a reminder, when inflation is down and unemployment is up, thatās usually when governments start stimulating economies again.
In other words, they start printing money so that people can spend more, which helps businesses grow, which creates more jobs for people.
So, based on these fundamental numbers, we can expect global liquidity to increase, which is bullish for crypto.
A last thing to mention is DXY ā the Dollar Index.
Typically, when the dollar goes down in value, a bull market begins, because people would rather hold assets like stocks and crypto than weak dollars.
On the other hand, when the DXY rises, itās usually bad for risk assets, because people would rather hold dollars than assets.
Check this out. When the DXY started rising (end of 2021), that was also the end of the crypto bull run.
Similarly, if you look on the right side of the chart above, youāll see a peak in the DXY around the end of 2022 (1 year ago) ā with a continuous downtrend. š
Thatās also when markets started to turn ā $BTC was at $16k and $ETH at $1k. Both are up 100% since.
The bottom line: The current macro conditions are favorable for a crypto bull market.
Inflation
Unemployment
$BTC Spot ETF < 60 days away
$ETH Spot ETF < 6 months away
Bitcoin Halving < 5 months away
Global Liquidity about to
Do you see what's happening here?
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Do you enjoy this type of macro analysis? I regularly share this in more depth in Web3 Academyās PRO reports to keep you ahead of the markets.
A prime example is my report back from April, in which I concluded the following:
Looking back to that conclusion now makes me feel very proud. Iāve absolutely nailed it with those predictions.
And I still think that more good times are ahead of us in the medium term. (Keep reading until the end ā¬ to find out what will likely happen in the short-term).
On that note, if youād like to receive my macro analysis to your inbox on a regular basis, then make sure you take advantage of our Black Friday Bundle & upgrade to PRO right away.
Weāve bundled 1 Year of Web3 Academy PRO + Our Web3 Investing Masterclass and slashed the price by 69%.
But this offer expires tomorrow, so act fast! ā
Get the only 2 resources you need to take this bull market head-on and thrive.
Solana & Altcoins: Is It Too Late to Invest? š¢
Solana has gone up from $20 to $60 in 5 weeks. š
It is also up 500% YTD.
But is it too late?
Well, if we zoom out, we can see that Solana is still far away from its ATH of $250.
And check out these fascinating charts, comparing $SOL to $ETH.
This shows Solanaās and Ethereumās first respective bull & bear cycles.
$ETH price 2017-2020
$SOL price 2021-Today
Unbelievably similar.
Now, if we zoom out on the ETH chart further, we can see what happened in Ethereumās next cycle (2020-2023)...
A 3.5x from the previous cycle's all-time high!
Do you see that purple chart on the bottom left?
That's $SOL in comparison to $ETH.
Does this mean that $SOL will go up 3.5x from its past ATH? Not 100% sure.
However, the opportunity is certainly there, and not just for Solana, but for many other altcoins as well.
Speaking of opportunities, Iāve got an exciting & fun PRO report coming on Thursday, where I predict the price of $BTC, $ETH & $SOL, based on various metrics.
This report is what you need to head into the bull market with a solid framework in mind, as I explore many different angles of what could happen.
To get it to your inbox, make sure you go PRO today to take advantage of our Black Friday offer, expiring tomorrow.
Whatās Next? š§µ
If I made you bullish, I need you to take a deep breath. Hereās the thing. The crypto bull market isnāt a straight line up.
Pullbacks are normal and expected, especially short-term. Just look at how many times $ETH dumped on its way from $100 to $5000.
These are all pullbacks of 10% or more, which occurred in a matter of days.
The key thing to understand when these dumps inevitably occur is to not lose your focus and start thinking that itās all over.
These are typically the best times to buy.
However, in those moments, itās easy to freak out and feel like the world is burning.
If you need a friend holding your hand, then I suggest you get on the PRO side.
Our weekly onchain reports guide you through the market's complexities, ensuring you're always a step ahead and can make the most of this bull market.
And donāt forget about our Black Friday Bundle. Get the Annual PRO Membership at 26% off, and we'll include the Web3 Investing Masterclass for free!
All this, valued at $429, is yours for just $133. Imagine the returns you could make in this bull market with these tools.
Act fast - this exclusive offer expires tomorrow.
Thanks for reading. And remember, you're strong, youāre powerful, youāre alpha! ā¤
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Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.
