Bitcoin Soars to All-Time Highs After Trump's Big Win
Why the Best is Yet To Come for the King of Crypto and Altcoins
The next Great Crypto Bull Run has finally started! We have been talking about this for the past year, but as expected Bitcoin has reached all-time highs once more with no end in sight.
Readers that have been following this column know that I have long predicted that the end of 2024 would be an exciting time for cryptos as the numerous bullish indicators we anticipated have all finally come to fruition. These include:
Blackrock, the world’s largest financial institution pushing heavily into Bitcoin and other cryptos. They have been followed by other prominent institutions as well signaling a much-needed acceptance by the financial world at large that digital currencies are here to stay.
The latest Bitcoin Halving event which occurred once more in April which always portends greater price action.
The Fed finally has begun to cut interest rates once more after numerous rate hikes that had been needed to combat out-of-control inflation.
And now, Donald Trump has emerged victorious after a contentious Presidential election with promises to be very crypto-friendly in his policies.
Predictably with so much positive sentiment, it is little wonder have seen Bitcoin surging once more and passing the $93,000 mark this past week with little sign of slowing down. How high can it go? That remains to be seen, but 2025 should continue to test new highs for the undisputed King of Crypto.
What About the Altcoins?
However, even with the euphoric atmosphere around Bitcoin, altcoins have not yet showed the strength displayed in previous bull runs. There are likely several factors behind this including:
The average household continues to struggle with inflation and rising every day costs. That was likely the most important factor in Trump being re-elected and is one that will not change overnight. For that reason, while the big institutions are moving heavily into digital currencies, retail has not yet done so at previous levels.
Another important factor is that quite simply, there are way too many projects out there right now and with the overload of choices, the true blue chip choices are struggling to build consensus like many did in 2020/21 such as Luna, Cardano, Ripple and others. This cycle will feature many important offerings in key narratives such as AI, Real World Assets, DePIN, and more, so it is only a matter of time before the cream rises to the top.
A third reason I believe altcoins have not yet taken off is because of the continued significance of Meme Coins. Personally, I do not back these projects because I can’t get behind things that have little-to-no utility and are essentially pump-and-dumps. Yes, you can make big money on these if you get in early and ride the wave as interest rapidly grows, but as you exit and sell for big profits, the prices dump on all those who came in behind you. That may be the strategy for some, but it’s not one I plan to be part of.
What Comes Next!
Given that altcoins have yet to truly blast off this cycle, that means there is still time to build positions in low cap projects that have significant potential. All it takes is one or two smart choices and the returns could be both staggering and life-changing for the average investor. Yes, Bitcoin will continue to rise slowly and steadily, but I prefer to follow a riskier strategy and bet on dare-to-be-great options.
Reiterating my projects I am continuing to accumulate:
Bittensor (TAO) - The king of AI projects
TRIAS (TRIAS) - Could eventually be the Chinese equivalent to Ethereum
Agoras (AGRS) - A reasoning-based approach to AI that could revolutionize the entire sector
Cellframe (CELL) - The first quantum-safe LI blockchain solution
Quillibrium (QUIL) - An ambitious privacy protocol that could set the standard for a truly decentralized internet
Alkimi (ADS) - An innovative and well-structured approach to combatting online ad fraud
There are many great projects out there and this list is not meant to be all-encompassing. These are just the ones I feel most aligned with and will continue to back.
IMPORTANT NOTE: While for the past year I have been a big proponent of Wadzpay, I will transparently mention I have completely exited my position. Though I was encouraged by the potential of the offering and its chance to be a significant crypto player in the Middle East, there has been too many red flags to ignore with the leadership team and failure to deliver a working product. While I hope for the best for the project to prove the doubters wrong and reward those who have held on through the turbulence, the risk now far outweighs the potential rewards and these assets are one that can be better deployed amongst the projects listed above.
Unfortunately not every pick I make will be a successful one, and that is why I encourage everyone to do their own due diligence and establish comfort levels in individual projects and not just follow blindly.
That being said, I fully expect 2025 to be probably the most important year in crypto to date and those who position themselves well to be very happy to see their patience handsomely rewarded
What crypto projects are you most excited about? Please share your thoughts!
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