Cryptocurrency Market Poised for 'Epic Bull Run,' Analyst Predicts
CryptoNewsTerminal Staff07 Jun, 2024
Cryptocurrency Market Poised for 'Epic Bull Run,' Analyst Predicts
Lark Davis, a prominent Bitcoin investor and analyst, has expressed optimism for the cryptocurrency market's future in a recent tweet. He declared that the market is "primed for an epic bull run." Davis cited the steady influx of billions of dollars into the U.S. Bitcoin spot ETF as a key factor supporting his prediction. Over the past 18 days, U.S. BTC spot ETFs have acquired 56,150 BTC, equating to four months' worth of new BTC supply. Additionally, he highlighted the impending U.S. listing of an Ethereum (ETH) spot ETF and the persistent accumulation of Bitcoin by publicly traded corporations such as MicroStrategy (MSTR), Block, and Semler Scientific. Davis anticipates that this bull run will surpass expectations in terms of its intensity: "This bull run will be much steeper than most anticipate."
