A closely followed analyst believes the economy is in the midst of an “everything bubble” that still has more potential to grow.
Analyst Jason Pizzino tells his 121,100 followers on the social media platform X that peak cycle highs may still be a ways off for assets like stocks and crypto.
“When we take a broad look at the market there are still a lot of investors that are thinking the stock market, real estate and crypto gains so far are ‘too good to be true’ and this time they’re going to get out before the crash.
This is NOT how macro, end of cycle tops are formed.
The 18-year cycle ‘Everything Bubble’ peak still has more time to develop and bring major FOMO (fear of missing out) unlike what we have seen.”
The analyst predicts that Bitcoin (BTC) and other assets are gearing up for additional rallies in the bullish market cycle.
“Bitcoin, real estate, stock markets and altcoins are setting up for the biggest pump in history. I think it has already started, but there are still plenty of investors asking, ‘When will it start?’ Look around, the markets have been up for years and don’t look like they will stop any time soon. Especially not now that we have a perfect ‘This time is different’ scenario brewing within US politics.”
He also says that Bitcoin may now be on the verge of entering an explosive phase of the market cycle based on historic precedence.
“The Bitcoin four-year cycle has officially entered the right side of the cycle, which means this is a strong market. Three out of the current four cycles have fooled the majority of people into thinking the cycle would end early, aka a left-translated cycle like in 2011, 2019, and most recently 2024.
Each time, Bitcoin has gone on to make a new all-time high in the second half of the four-year cycle, the ‘right’ side. This now means we enter what I’m calling ‘The Final Boss,’ or ‘Grand Final.’”
Bitcoin is trading for $95,799 at time of writing, down 1.9% in the last 24 hours.
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https://dailyhodl.com/2024/12/03/crypto-stocks-and-everything-bubble-still-has-room-to-run-according-to-analyst-jason-pizzino/
2024-12-03 08:04:01