The 75-percent move from $3,200 to $5,500 has been breathtaking for Bitcoin investors – a relief, no doubt, but there’s a whole lot of catching up to do after last year’s bear market. Is it possible, though, that this year could turn out to be a repeat of 2017’s amazing crypto climb?
We don’t have a crystal ball, but we do have access to Bitcoin experts such as cryptocurrency millionaire Alex Saunders, founder of crypto content portal Nugget’s News. He’s also a popular YouTuber with a loyal following in Australia and worldwide.
Alex Saunders has been immersed in cryptocurrency since discovering Bitcoin in 2012. He has a unique investment style that combines fundamental analysis, technical analysis and market sentiment as key drivers in decision making.
Courtesy: Alex Saunders
Alex’s passion led him to leave his successful career as a head pharmacist in 2017 to found Nugget’s News. He established the brand through a loyal following on his educational YouTube channel and his crypto community discussion group.
Mr. Saunders is a trusted voice in the Australian crypto community, conducts many speaking engagements to spread the word of crypto, and helps to accelerate blockchain start-ups through applying his years of experience and wisdom.
With an eye towards the future of Bitcoin, Crush the Street asked Mr. Saunders about the possibility of the current crypto surge turning into an all-out bull run. According to Alex Saunders, we shouldn’t assume that the current Bitcoin price movement will continue on its bullish trajectory: many crypto bulls were hanging their hat on STO’s (security token offerings), but he doesn’t believe that’s going to drive the same sort of retail euphoria that we saw in 2017.
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Courtesy: Alex Saunders
As Mr. Saunders reminds us, anything that’s a security is going to be very slow-moving and is going to progress in stages, with a lot of it happening behind closed doors. Therefore, Alex doesn’t believe that we’re going to see the same type of FOMO (fear of missing out) in the crypto space that we saw in 2017: there will be robust growth in digital assets, but that’s not likely to make retail investors super-wealthy like crypto did in that one amazing year.
According to Alex Saunders, in many ways investors haven’t learned their lesson: when we look at how quickly Bitcoin went from $3,200 to $5,500 and how eagerly people have thrown their money into tiny cryptocurrency projects, there’s evidence that people haven’t learned anything from history.
In Mr. Saunders’ estimation, the portion of cryptocurrency investors who do proper research and cautiously select the best projects is probably one percent. That being said, according to Alex Saunders, only one percent of the global population is actually invested in cryptocurrency, leaving plenty of room for future growth in the space.
Courtesy: Alex Saunders
Therefore, according to Alex Saunders, he believes that we’re going to have at least one or two more big crypto cycles, including another dot-com-style bubble – the difference being that unlike America’s dot-com bubble, the next crypto bubble will be global in scale.
Cautious investing is critical in the world of cryptocurrency, but it can be very profitable if done correctly– Alex Saunders is living proof of that – and we suggest that you view Crush the Street’s exclusive interview for actionable ideas from Mr. Saunders. Additionally, to further your education into the wide world of cryptocurrency, check out Nugget’s News as well as Alex’s YouTube channel.
You’ve got a whole library of top-ranked educational materials right at your fingertips – all you have to do is download Crush the Street’s expert-researched financial reports, which include our report on the fortunes available to smart investors in cryptocurrencies and the blockchain, our rookie-to-expert guide to cryptocurrency investing, and our guide to strategic positioning in Security Tokens for once-in-a-lifetime profits.
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