Ah crypto. My favorite and least favorite asset class. There is little rhyme nor reason to the crypto space as it is new and wild. The total market cap of the entire crypto market is around 2 trillion dollars. It is important to know that this is a global market and there are no particular trading days or hours. Thus, the markets never close to your own gain or detriment. This is a very risky market, the volatile swings in price are much more dramatic than any market I have ever experienced. With this risk comes serious reward. If you are able to acquire a particular digital asset very early you can see 10x, 100x and 1000x gains. But you have to be early, buying at tops can lose you your entire investment. Be careful in this market and try not to chase green candles. You will be wrecked.

In my opinion blockchain and cryptographic technology is my generation’s internet. This innovation will find itself in nearly every organization in every industry. The most simple way to understand the importance of blockchain is security and validation. A digital receipt that is unable to be replicated can be used to verify and protect any and every asset. In the near future, every contract, data point, vote, transaction, signature, and even currencies will be digitized, tokenized, and represented on the blockchain. This technology is not going anywhere, it is simply an expansion of computing power that will inevitably take over current verification techniques. Some industries need this more than others. Finance and banking in particular are severely outdated and use antiquated processes. Think of ACH wire transfers or title contracts for buying a home. These processes are slow, not automated or digitized, and there are many avenues for fraud.

Ironically one of the biggest FUD (Fear, Uncertainty, Doubt) campaigns against crypto is that it’s primarily used by criminals for anonymity. This is hilariously false because most crypto transactions including bitcoin are done on an open faced ledger that everyone can see. Law enforcement agencies would prefer if criminals used crypto over cash as they can see exactly where the money came from as well as it’s destination. This technology is made for transparency and verification, not anonymity and fraudulence. There are many use cases for crypto and eventually the utility of a particular digital asset will equate to a legitimate fair value. This will come with bureaucratic regulation and institutional adoption. Until that time digital assets will rise in price from speculation and only speculation. That doesn’t mean we can’t make money.

The cryptos that I suggest are ones that I believe have the most utility. I pick them for the legitimacy of their team/organization, the relevance of their use case, and the scale of its community and capitalization. What we want to see is a project with credible developers and institutional backing (NO ANONYMOUS CREATORS). We want coins with a designed purpose that will be used as a particular software, median of exchange or technique for verification (NO MEME COINS). For speculative purposes, we want assets that have an intelligent community of investors that see the long-term potential of the asset (NO PUMP AND DUMPS). Treat this market like the dot com bubble. There will be winners and losers. Diversify correctly and you’ll do just fine.

Current Outlook: This market has been in accumulation mode. There is still room for altcoins to run and catch up to Bitcoin. What you want to look for is altcoins that have corrected 70-90% from their ATH and accumulate on red days. Don’t back up the truck and jump into everything that looks horrible, buy things in increments and follow the market swings. I am projecting a final bull run in altcoins in the last quarter of year and potentially into 2025. I will be taking heavy profits as I have been holding most of these coins since 2020. I plan on selling 80% of my core position holdings this bull run and 100% of the current market cycle trades.

Long-Term Outlook: Because this current bull run is still speculative I can’t in good faith hold through the bear market, I will sell into cash and other assets, particularly commodities and real estate. When things are looking really awful and all the speculators are calling for everything to go to zero I will re-enter the market at extremely low prices in anticipation of a utility bull run. This is where the true winners will shine and I will likely hold these for an extremely long time taking profits as we move on up. Eventually I see the crypto market capitalization reaching the 10s of trillions. In the grand scheme of things we are still early, we just have to get in at the right time.