The director of business development at a top crypto exchange, Dan Held had early on made a statement that Bitcoin is preparing for a “super cycle”. He tweeted:

Bitcoin is perfectly positioned for a super cycle:



– Central Banks are printing more than ever

– Global debt as a % of GDP is the highest its been in recorded history (peacetime)

– Structural risks in the financial system haven’t been resolved



I’m not fucking selling. pic.twitter.com/UFCpEprSM9 — Dan Hedl (@danheld) October 29, 2019

that, the global debt as a percentage of GDP has recorded its highest figure in history. According to him, the structural risk in the financial system persists and he has no intentions to dump his coins. Co-founder of Fundstrat Global Advisors, Thomas Lee has also concurred to Dan’s statement. He also mentioned in a tweet that the next Bitcoin bull market will follow the S&P 500 surge.

Sounds like a plan ? — Thomas Lee (@fundstrat) October 29, 2019

S&P 500 posted this Tuesday that they have recorded a new all-time high. In view of that, investors now expect the Federal Reserve to lower interest rates by 25 basis points. If that happens, it could have a positive influence on the market.

Just before S&P 500’s new all-time high, a crypto analyst known as Alex Kruger had also made some analysis. He predicted a bullish cycle for Bitcoin in one of his tweets.

Following one of the largest $BTC upmoves in history (42%), larger than anything we saw during the 2017 bubble, the trade is UP. Continuation.



Fact that news are *over-hyped* is about sizing/timing. If outsized fresh mainland demand were real it would call for much larger size. — Alex Krüger (@krugermacro) October 27, 2019

Currently, the price of BTC is down by 2.3% at $9,111, as at the time of this posting. The top crypto made this pullback after reaching a high of about $9.8k in the last 7 days. This volatility of the coin is one reason why investors are always advised to trade with their spare funds. Bearing in mind that they can lose them at any point in time.

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