According to an analyst, the next bull market will revolve entirely around the largest cryptocurrency, bitcoin (BTC), with memecoins being a huge bet. While other analysts speculate about what could trigger the next bull run, Mati Greenspan argues that the answer lies with bitcoin.
Bitcoin makes software company shares explode by 1,500%
Next bull run caused by bitcoin
In one conversation with Cointelegraph Quantum Economics founder and crypto analyst Mati Greenspan shared how he expects the next bull run to be “all about bitcoin and Layer-2s.” As Greenspan explained:
“Bitcoin’s early story has snowballed since Taproot’s implementation.”
The Taproot upgrade took place in November 2021 and laid the foundation for accelerating DeFi services via the Bitcoin network. He pointed out that the past 12 months have seen “brand new opportunities for DeFi and NFTs on Bitcoin’s main chain.”
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Bitcoin to $100,000 in 2024?
Greenspan also believes in the possibility of bitcoin reaching a price of $100,000 in 2024, especially if a pro-crypto candidate wins in the US presidential elections in November:
“Right now it’s just a matter of waiting for confirmation of a Trump victory and then off to the races.”
Is a rock-solid gold price standing in the way of a new bitcoin rally?
The debate over memecoins
Greenspan is somewhat skeptical about memecoins. When asked about the recent excitement about Goatseus Maximus (GOAT), which rose significantly after the approval of the AI bot Truth Terminal, as we mentioned in previous crypto news, he was quite skeptical:
“Maybe they’re doing well, or maybe they’re not. I understand that markets are volatile in the short term, but it will be a volatile process. Long-term investors tend not to take these things seriously until they reach at least critical mass.
However, even though memecoins entail a lot of risk, some people are also able to achieve great success with them. For example, in recent crypto news we reported how a trader turned $275 into $575,000 in four hours using a memecoin. The chance that memecoins can really be removed from the crypto market seems to be very small given the hype.
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Certainly! Let’s dive into the wild world of cryptocurrency and present this article with a splash of humor and sharp observation, wouldn’t you say?
Bitcoin: The Rockstar of the Crypto World, Memecoins: The Quirky Opening Act!
So, here we are again, neck-deep in the crypto cornucopia, where fortunes can rise faster than a contestant on a reality show and crash just as quickly as your Wi-Fi during a Zoom meeting! According to the ever-so-insightful analyst Mati Greenspan, brace yourselves, because the next bull market is about to be the Bitcoin Show—with a side dish of memecoins for all you risk-takers out there. Yes, memecoins, the kind of currency that makes even Monopoly money look solid!
The Bitcoin Bull Run: Ready, Set, Go!
In a recent tête-à-tête with Cointelegraph, the founder of Quantum Economics, Mati Greenspan, boldly declared that the next bull run will be “all about bitcoin and Layer-2s.” Pray tell, what are these Layer-2s? Are they like the fancy dress code for Bitcoin’s next club outing? Greenspan mentions that Bitcoin’s early story has snowballed since the Taproot upgrade in November 2021, which sounds like an internet conspiracy waiting to happen—but I digress. With this upgrade, we’re not just expecting Bitcoin to do a backflip; it’s meant to leap into the exciting realms of DeFi and NFTs on the main chain. Who knew Bitcoin could do all of that while still maintaining the charisma of a classic rock star?
Blast Off to $100,000?
Now, hang on to your wallets, folks, because Greenspan has the audacity to suggest that Bitcoin could rocket to $100,000 in 2024! Yes, that’s right! All it takes is a pro-crypto candidate winning the US presidential election! You gotta love this optimism—right now, it’s like predicting that your favorite band will reunite for a world tour. Just imagine, “Just waiting for the *confirmation* of Trump’s victory and then off to the races!” It’s like having a lottery ticket and hoping the universe aligns perfectly for just you!
Memecoins: The Hilarity of High Risk
But let’s not forget about our chatty little friends, the memecoins, who, like that friend at the bar who tells a joke that’s one part hilarious and two parts awkward. Greenspan is raising an eyebrow here. When he got grilled about the excited buzz surrounding Goatseus Maximus (which sounds like a character from a bad sci-fi movie, right?), he said, “Maybe they’re doing well, or maybe they’re not.” Very Shakespearean, Mati! It’s like watching a play with a twist ending you saw coming a mile away.
Listen up! There are tales of people transforming $275 into a whopping $575,000 in a matter of hours through these memecoins! It’s a bit like winning the jackpot at the slot machines but with additional side effects—like anxiety and the fear of losing even the shirt on your back!
In conclusion, while Bitcoin is enjoying its well-earned spotlight, armed with all the upgrades and potential to hit dizzying heights, memecoins are over there like your lovable but unpredictable uncle at a family barbecue—chaotically amusing yet highly questionable. The only guarantee in the crypto circus is that whatever happens, you’ll want to grab some popcorn—or perhaps just your wallet! What a ride!
Ah, the joys of cryptocurrency! Whether you loathe or love it, there’s never a dull moment. Remember, don’t invest more than you can afford to lose—unless you’re ready to become a meme yourself! Keep that humor intact, because in this wild market, sometimes laughter is all we’ve got!
According to the insights of crypto analyst Mati Greenspan, the forthcoming bull market is projected to be heavily centered around the largest cryptocurrency, bitcoin (BTC). Greenspan highlights that while many analysts are debating potential catalysts for this upcoming bull run, he firmly believes that the key lies predominantly in bitcoin’s continuing evolution.
Next bull run caused by bitcoin
In a recent interview with Cointelegraph, Quantum Economics founder and crypto analyst Mati Greenspan articulated his expectation that the next bull market will be “all about bitcoin and Layer-2s.” He elaborated on this sentiment by stating:
“Bitcoin’s early story has snowballed since Taproot’s implementation.”
Notably, the Taproot upgrade, which was executed in November 2021, established a significant framework that empowers a surge in decentralized finance (DeFi) services through the Bitcoin network. Greenspan noted that over the past year, there has been a wealth of “brand new opportunities for DeFi and NFTs on Bitcoin’s main chain,” fortifying its position in the crypto landscape.
Bitcoin to $100,000 in 2024?
In a bullish forecast, Greenspan expressed confidence in bitcoin’s potential to soar to an impressive $100,000 by 2024, particularly if a pro-crypto candidate successfully secures victory in the upcoming US presidential elections in November:
“Right now it’s just a matter of waiting for confirmation of a Trump victory and then off to the races.”
The debate over memecoins
Despite the excitement surrounding memecoins, Greenspan approaches them with caution. When questioned about the recent enthusiasm for Goatseus Maximus (GOAT), which saw significant price increases following the launch of the AI bot Truth Terminal, he offered a measured perspective:
“Maybe they’re doing well, or maybe they’re not. I understand that markets are volatile in the short term, but it will be a volatile process. Long-term investors tend not to take these things seriously until they reach at least critical mass.”
Nonetheless, while memecoins are laden with risks, some individuals have also managed to achieve significant financial success. For instance, a trader was recently reported to have transformed a mere $275 investment into an impressive $575,000 in just four hours through the strategic use of a memecoin. Given the ongoing hype, the likelihood of memecoins being entirely eliminated from the crypto market remains quite low.
As an independent news platform, our goal is to keep you informed of the latest developments in the crypto world. Follow us for free on Google News to support us and make sure you always receive the latest news immediately.
