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Lark Davis predicts a massive cryptocurrency bull run on Horizon
Cryptocurrency Bulls: At Your Seats!
Renowned cryptocurrency analyst Lark Davis, known for his uncanny ability to sniff out market trends, predicts that a massive bull run is just around the corner. Davis, a seasoned expert with a proven track record, believes the cryptocurrency industry is on the verge of a massive recovery, fueled by a flood of institutional money. But what exactly is fueling this potential boom?
Dive deeper to find out why experts are calling this a super cycle in the making and how you can potentially position yourself to profit!
Understanding the Spike
There has recently been a notable influx of cash into Bitcoin spot exchange-traded funds (ETFs). On-chain data shows that crypto whales are increasing their accumulation, signaling a major uptrend ahead.
For example, DogemonetaWhale transactions over $1 million increased by more than 150 in the last 24 hours. Furthermore, Franklin Templeton considered a major push for investment in the altcoin sector.
Why buy cryptocurrencies now?
Davis expects more institutions, asset managers and pension funds to follow in MicroStrategy’s footsteps. MicroStrategy currently holds over 1% of Bitcoin’s total supply, amounting to approximately 214,400 coins.
MicroStrategy’s success has inspired other companies, such as Semler Scientific, which plans to raise $150 million to acquire more Bitcoin. Semler Scientific has already invested $17 million in Bitcoin over the past few years.
Surprisingly, okay Bitcoin ETF Issuers have purchased 56,150 BTC in the past two weeks, equivalent to over four months’ supply from miners.
Market trends
The European market and Canada have already started cutting interest rates. Combined with the fact that he is more than a month removed from Bitcoin’s fourth halving, Davis is confident that a super cycle is on the way.
Looking at these trends and the growing institutional interest, it appears that the cryptocurrency market is on the verge of an extraordinary bull run. Stay tuned for what could be one of the most exciting times in cryptocurrency history.
Read also: Bitcoin (BTC) Price Hits All-Time High by June 12th: Here’s Why