Lark Davis, a well-known Bitcoin investor and entrepreneur, took to X to share some big predictions with his 1.2 million followers. According to Davis, we’re on the verge of a massive Bitcoin bull run in the next 6-8 months, and he’s got a list of reasons why.
In his post, Davis laid out several key factors driving his outlook. First, he pointed out that gold prices are currently at an all-time high. Historically, Bitcoin has followed gold’s price movements, but usually with a delay of a few months. This could mean Bitcoin is due for a major rise soon.
“It’s all lining up perfectly. Most can’t even comprehend the kind of bull run we’re about to see. Buckle up!”
Next, Davis highlighted global economic shifts that are contributing to the bullish sentiment. The Federal Reserve just cut interest rates by 50 basis points and plans to make another 50 bps cut by the end of 2024. China, too, is announcing multiple rate cuts, and many other countries are increasing liquidity by turning the “money printers back on.” With global liquidity on the rise and the dollar index weakening, fresh money is flowing into the crypto market.
Davis didn’t stop there. He mentioned that countries like El Salvador and Bhutan are continuing to add Bitcoin to their reserves. Even more exciting, institutions like BlackRock are getting on board, and state pension funds are also buying Bitcoin. With Q4 approaching and the U.S. presidential elections coming up, Davis believes the stage is set for something big.
To add even more intrigue, Davis pointed out that CZ, the founder and former CEO of the world’s largest cryptocurrency exchange Binance, is being released from prison shortly, though he didn’t expand much on how this would impact the market.
His message was clear: “It’s all lining up perfectly. Most can’t even comprehend the kind of bull run we’re about to see. Buckle up!”
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