Next Bull Market Will See Bitcoin Realize It’s Full Potential

Around 99% of internet stocks met their demise during the 20-year long dot-com bubble. A few handfuls went on to achieve trillion-dollar market cap valuations, paving the way for a ‘real bull market’. Crypto markets will face the same fate, with Bitcoin being one of the ‘handfuls’.

In a Bloomberg opinion piece today, bitcoin bear turned bull Jared Dillian, an investment strategist at Mauldin Economics, impressed upon the “greater need for a stateless currency and store of value held outside the financial system.”

The Fragile Fiat-Based Financial System

Recently, the New York Federal Reserve made headlines for its ‘market rescue’ gesture. In order to contain complexities due to the recent repo rate spike, the Fed injected hundreds of billions of dollars to bring situations back to normal. All this, just so that the repo rate remains below the Fed’s standard interest rates.

And this doesn’t end here. The Fed’s move to supply surplus cash in the repo market…