Research Summary
The report presents a survey of crypto participants’ views on the current state of the crypto bull market. It reveals that a majority of participants believe the bull run is not over, with investors being the most optimistic. The report also explores the participants’ beliefs about the future of the market and their estimates of where the market is in its current cycle.
Key Takeaways
Optimism about the Crypto Bull Run
- Majority Believes Bull Run Continues: The report reveals that 81.6% of crypto participants believe the crypto bull run is not over. This includes 52.3% who believe the bull run is still in its early stages and 29.3% who believe it’s midway.
- Investors Most Optimistic: Among the participants, investors were the most optimistic, with 84.3% believing the bull run is not over. This includes 55.5% who believe it’s at the start or early stage and 28.8% who believe it’s in the middle.
Views on the Crypto Market Cycle
- Similar Views Across Experience Levels: The report shows that newcomers and veterans in the crypto market share similar estimates of where the market is in the current cycle. Around 52% of participants, regardless of their years of experience in crypto, believe the market is in its starting or early stages.
- Higher Share of Veterans See Late or Ending Stages: A higher share of veterans (23.4%) estimated the market to be in its late or ending stages, compared to 17.6% for both first and second cyclers.
Beliefs about the Future of the Market
- Belief in Bullish Continuation: In a separate question on market beliefs, 81.7% of participants believed that the market would see a bullish continuation, either because crypto had yet to peak or had entered a supercycle state.
- Second Cyclers Most Optimistic about Not Peaking: A slightly higher share of second cyclers (66.7%) believed that the current cycle had yet to peak, compared to 55.2% of first cyclers and 58.9% of third cyclers or beyond.
Actionable Insights
- Consider the Optimism: Given the high level of optimism among crypto participants, especially investors, it may be worth considering this sentiment when making decisions about crypto investments.
- Examine the Views of Veterans: The higher share of veterans who see the market in its late or ending stages could indicate a more cautious approach. This perspective may be valuable when evaluating the current state of the market.
- Assess the Belief in Bullish Continuation: The strong belief in a bullish continuation among participants suggests that many expect the market to continue to rise. This belief could influence future market trends and should be taken into account when planning investment strategies.
