A closely watched crypto analyst believes three groups of digital assets will see an explosive rally this cycle.
In a new video update, the host of InvestAnswers tells its 530,000 YouTube subscribers know that Bitcoin (BTC) and two other types of crypto assets are set up for massive rallies.
“My thoughts on what could happen this cycle are Bitcoin first, memes second and alts winning third.”
He warns that other crypto projects are unlikely to recover and simply die out.
“And the rest won’t even pop. The rest will remain dead, as they have done so far…
If you are more than 60% away from an all-time high, more than halfway through the bull market, you will never reach an all-time high again. So if you hold on to those dead coins and you want to get out of them what you paid for in them, you will never get out. Okay? You’re stuck. You’re trapped. It’s time to pull the trigger and get out of the dead stuff…
For those waiting for their dead coins from a previous era to emerge, this won’t happen if they are more than 60% off their previous all-time highs. And that’s just a scientific reality. There may be an outlier somewhere along the way that could do this, but the majority, we’re talking 90%-95%, will never come back to life.
At the time of writing, Bitcoin is trading at $74,448.
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Generated image: Midjourney