Weiss Ratings, the first to publish regular cryptocurrency ratings at the beginning of 2018, does not share the view of several analysts who expect another crypto bullrun to be even bigger than the previous one.
Weiss Ratings still sees a lot of potential in cryptocurrency , and expects more major investors to join them. But the opinion on the nature of the bullrune is more subtle.
"Some say the next crypt bullrun will be even bigger. However, it is very unlikely - every other bullmarket tends to be smaller than the previous one. There is only a limited amount of money in the world that crypto can absorb. ”
Among those who have recently been told that another bullrun will be even more prominent than the one we saw in 2017 is the co-founder of Delphi Digital Tom Shaungnessy. Tom believes that bullrun in 2017 was caused by an initial "hippopotamus" about cryptocurrency technology, which is why he did not last. However, the approaching bullrun will reflect the true cryptocurrency pricing, as traditional financial systems are beginning to fail with investors.
Tom is not the only one to see the great potential in the cryptocurrency market. Tom Lee of Funstrrat Advidors thinks Bitcoin is currently significantly underestimated and traded at only 40% of its ideal price.
The CEO of Xapo Wences Casares, who is also in charge of PayPal, said this week that Bitcoin can reach $ 1 million in up to 7 to 10 years.
Nick Patel, an author of the popular "an Altcon Traders’s Handbook", suggested that the new altco bullruns are currently in the accumulation phase. Adamant Capital's study, which thinks the bear market is coming to an end, is in agreement with that. Well, with the same statement, Binance's analytical section, Binance Research, came a few days ago.
With Weiss Ratings' opinion that the next smaller bullrun is waiting for us than the one in 2017, USB analyst Kevin Dennean, who said Bitcoin is waiting for a long and uneasy way to beat $ 20,000 again in the future, agrees.
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