Crypto Market Bull Run: Different Opinions and Future Predictions
According to the founder of enterprise blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More Concordium, Lars Seier Christensen, the next cryptocurrency bull market won’t resemble the previous one. He suggests that despite the majority of the crypto market looking at Bitcoin ETFs with optimism, their approval won’t be an immediate driver for the markets. He expects the next industry growth to be more gradual over the next 18 months.
However, Ben Simpson, founder of crypto education platform Collective Shift, disagrees and believes that there are indicators suggesting that we’re witnessing the early stages of a Bitcoin bull market. He sees potential in Bitcoin, EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More, and application-specific tokens and sectors like gaming. Amid the differing opinions, the industry is facing a new wave of uncertainty, with the overall market performance hinging on macro factors such as central banks’ rate hike cycles.
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