Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms

Tony "The Bull" Severino

1 year ago

3 mins read

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During the last Bitcoin bull run and crypto hype bubble peak, the industry struggled to keep up with the overwhelming demand. Exchanges had no choice but to shut down new user registrations, and new user accounts began being sold on the black market for full Bitcoins as eager retail investors scrambled to buy into the altcoin mania at the close of 2017.

After a brutal bear market, Bitcoin is starting to find its footing once again, and is showing the early signs that the next bull market could be underway. But unlike the last time around, this cycle will be the first ever bull run where more established financial businesses will be supporting Bitcoin, exposing the asset to even more investors and capital than in the past.

The Largest Financial Firms in the World Are Ready for The Next Bitcoin Bull Run

The last crypto hype bubble was highly publicized and showed the world just a glimpse of what potential Bitcoin and the rest of the cryptocurrency industry means for the future of money and finance.

The emerging financial technology garnered the attention and support of most major businesses, who are just now starting to either develop or roll out their crypto-based products and services to clients, or investing in building platforms for future use cases.

Those building & investing in crypto:

– Fidelity
– Nasdaq
– NYSE
– Yale
– Harvard
– Fairfax County Pension
– Founders Fund
– Union Square
– Amazon
– JPMorgan
– Starbucks
– a16z
– IBM
– Facebook

Are you going to bet against the most successful companies & investors in the world?

— Pomp 🌪 (@APompliano) May 22, 2019

The list is ever-growing, but even just the sampling provided by Morgan Creek Digital co-founder Anthony Pompliano shows the mix of tech and retail giants, financial firms, think tanks, and so many more.

As Bitcoin has found its bear market bottom and has made a golden cross on its price charts, signaling to investors that a bull market may be ahead, the industry has paused to reflect on the past bull run and imagine what the next one will bring. The one major difference from this cycle from the last? The support from these aforementioned well-established financial businesses.

https://twitter.com/misir_mahmudov/status/1130942795429175296?s=12

In an example provided by Bitcoin evangelist Misir Mahmudov, the #1 finance all in the Apple app store for iPhone is currently the Square Cash App, which tells its users to “spend cash, buy bitcoin.” Wise advice from an app store description.

The analyst’s comments underscore the importance of these major finance firms and the exposure to significant capital these businesses bring to the crypto industry.

Just Square Cash App alone has already begun to absorb as much as 10% of the Bitcoin supply miners are rewarded with each day, taking that supply out of the market and increasing demand.. Square Cash’s Bitcoin-based revenue trajectory has it devouring as much as 200% of that daily supply by 2020 if the firm stays on track.

And that’s just one example of the many financial firms only dipping their toes into the crypto space. When these major players full jump in, they’re bound to make a big splash and take the next bull cycle to heights never imagined.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.