An Ignoble Experiment: Is the Crypto Bull Market Over?

Is the Crypto Bull Market Over?

If you think crypto is the most boring investment idea in the world right now, I can't blame you.

In December 2024, bitcoin broke above $100,000. As of this writing, it's trading around $109,000.

Each month, altcoins tempt us with breakouts… only to hit the ceiling and come back down. They've been basically chopping sideways over the past year.

It's like watching paint dry – the dullest crypto bull market we've ever seen.

But if you walk away from crypto right now because you think it's boring… You could be making a massive financial mistake.

Because we could be on the cusp of the most explosive phase of this bull cycle.

Last week, federal regulators just ignited what I believe is the most bullish catalyst for crypto since the January 2024 launch of spot bitcoin exchange-traded funds (ETFs).

Years from now, when we look back at this moment, I believe people will say it marked a major turning point for adoption of this asset class.

And the timing couldn't be better.

This new rule will be implemented during the most bullish month of the year for crypto prices…

And it's coinciding with two other economic forces Daily editor Teeka Tiwari believes will open a Money Multiplier Window in the crypto market.

The Next Bullish Catalyst for Adoption

I'll cut straight to the chase…

On September 17, the U.S. Securities and Exchange Commission (SEC) created "generic listing standards" for crypto ETFs.

This may sound like bureaucratic claptrap. But it actually removes the last remaining hurdle to the launch of new spot ETFs tied to cryptos like Solana (SOL) and Dogecoin (DOGE).

Here's why…

For years, the SEC has handled every spot crypto ETF filing on a case-by-case basis. It has required two separate filings – one from the exchange that plans to list the product and one from the asset manager – to receive approval from different divisions.

The new rule eliminates this onerous process.

For the first time ever, ETF issuers can apply for crypto products without going through the SEC's byzantine rules. Instead, they can use generic listing standards.

The new rules cut the maximum time from filing from 240 days – or longer – to 75 days.

That means no more years-long delays. No more one-off battles with bureaucrats. Just a simple process to bring crypto ETFs to the masses in weeks instead of years.

The last time the SEC passed a similar "generic standards" rule for ETFs was back in 2019. And the results were explosive…

Can you see why applying this rule to crypto ETFs will be so bullish for adoption?

Just look at the price of BTC and ETH following the launches of their respective ETFs.

Over the past year, bitcoin ETFs have seen inflows over $40 billion, pushing its price 98% higher. And since April of this year, Ethereum ETFs have seen inflows over $10 billion, leading to a 240% surge in prices.

Now imagine that same firehose of institutional money pointed at altcoins that trade at much smaller valuations than bitcoin and Ethereum.

In fact, you won't have to…

At the same time, the SEC approved the generic listing standards for crypto ETFs, it also greenlit a new crypto fund.

The commission allowed Grayscale to convert its Digital Large Cap Fund (GDLC) to an ETF. It started trading on September 19.

Grayscale launched GDLC in February 2018 as a closed-end fund. The conversion allows GDLC to trade as a spot ETF, which gives direct exposure to the underlying assets.

GDLC holds a basket of tokens – bitcoin, Ethereum, Solana, Ripple (XRP), and Cardano (ADA). That means the fund has to purchase those tokens.

Next up is crypto asset manager Bitwise, which is also awaiting an SEC decision to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF.

BITW holds 79% in bitcoin and the rest in Ethereum, Ripple, Solana, Cardano, Sui (SUI) Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Polkadot (DOT).

For the first time ever, everyday investors will be able to buy these altcoins in a simple ETF wrapper – just like they can buy S&P 500 companies in an ETF.

That's not the only demand we're seeing for altcoins. There's also major buy pressure coming from crypto treasury companies.

Today, over 100 publicly traded companies hold an estimated value of $116 billion worth of bitcoin. Analysts forecast bitcoin will attract $330 billion in corporate treasury inflows alone by 2029. That's double the amount of total inflows in ETFs.

As I wrote last week, this isn't just bullish for bitcoin – it's rocket fuel for altcoins because we'll see treasuries set up for them as well.

The Money Multiplier Window Is Opening Now

As Teeka wrote on Friday, over the past decade – almost like clockwork – the crypto market flips the switch from apathy to FOMO (fear of missing out) in October.

We have a simple name for it: Uptober.

As you can see below, bitcoin only had one red October since 2015… Delivering average monthly gains of over 22% over the past decade.

This Uptober could be the most epic on record. That's because all of the bullish catalysts I cited above will coincide with two powerful economic forces.

And when these two powerful forces collide, they crack open what Teeka calls a "Money Multiplier Window" in a tiny niche of the crypto market.

During these windows, you can multiply your capital in ways you never thought possible. The last time it opened, Teeka's readers had the chance to turn $1,000 into $42,000 and even $55,000.

The first force is so powerful it impacts not only the crypto market, but everything tied to money, including stocks, bonds, IRAs, 401ks, and checking and savings accounts.

The second force involves the most powerful institution on Wall Street. This institution is so influential, analysts call it the Fourth Branch of government.

When you put the ingredients together, the mixture is explosive…

The SEC's new pro-crypto rules will help drive demand for bitcoin and altcoins… We're entering what's historically the most bullish month of the year for crypto prices… And the Money Multiplier Window is opening.

I believe the SEC just set the stage for the single biggest expansion of crypto ETFs in history.

If you missed bitcoin's run after ETF approval… or Ethereum's… this is your shot to get in before the floodgates swing wide open for altcoins.

Last week, Teeka held a special briefing to share his newest research about the Money Multiplier Window – including his new model portfolio with six plays poised to soar when the window opens.

He even gave away one recommendation completely free… no strings attached. (You can stream the replay here.)

If you think crypto is boring right now, this is your wakeup call. Because when the window closes, you'll be watching the fireworks from the wrong side of the glass.

Don't watch the future happen. Own it!

Houston Molnar