Anil Lulla: Two Reasons Crypto's Bull Market Is Coming

Published on by Coindesk | Published on

Anil Lulla is the co-founder and COO of Delphi Digital, a research firm dedicated to advancing the development of the crypto market.

Despite an unprecedented global pandemic wreaking havoc on just about every major economy on the planet, investors have made quite a lot of money in recent months in both traditional and crypto markets.

The incoming bull market for crypto will look completely different than the last one.

Mostly because there won't be just one, but two different bull markets simultaneously playing out over the next 12-18 months.

After the last bull market, we were left with many projects with no real usage other than speculation.

NEO, another celebrated project in the ICO bull run that has yet to deliver, has a market cap of $1 billion.

The "Crypto tourists" of the last bull market have been driven out by inactivity, while the initial coin offerings and token projects they threw money at are shuttering.

The speed at which these projects innovate and adapt to new market conditions makes them extremely dynamic.

The second bull market will be led by the usual suspect, bitcoin.

It says "Moon: the moment when the crypto market cap reaches a total market cap of $1 trillion USD." I can't remember if I've ever worn it but, as these two crypto bull markets converge, I think I may be caught wearing it sooner than I initially thought.