Bitcoin, Ethereum, Dapps: a feeling of déjà vu

Thoughts on the phases of the crypto bull market

The Bitcoin halving is around the corner. That usually means the meat of the next crypto bull market is just months away. So what should we expect if the upcoming bull market shares strong similarity with the previous cycle?

P.S. I’m down with the flu so today is a short edition of the newsletter. We’ll be back to full strength by Wednesday.

---

The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. 

We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things.

We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less.

Join more than 21,000 investors here:

Done? Thanks! That’s great! Now let’s dive in.

P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here.

---

Bitcoin, Ethereum, Dapps: a feeling of déjà vu

The takeaway

What I’m saying here is not ground breaking. But in case you are new to the crypto market it is worth understanding the dynamic at play.

If this bull market is anything like the one in the previous cycle we expect to see three distinct phases:

1. Bitcoin leads on growth.

2. Ethereum catches up to Bitcoin.

3. Tokens, Dapps, NFTs and the likes gets a bump.

And there are two ways of playing those phases: