Brad CostanzoEntrepreneur, AI & Innovation Strategiest

State of Cryptocurrency Market for Investors with Tai Zen (Sept 2020)

Name: State of Cryptocurrency Market for Investors with Tai Zen (Sept 2020)
Uploaded: 2020-09-09T17:31:32+00:00
Duration: 1 min 19 s
Channel: Brad Costanzo
Description: YouTube interview (Sept 2020) where Tai Zen tells listeners the total crypto market cap was about $350B and estimates a conservative bull-market target…

9 Sept 2020 · 1 min

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1:19

YouTube interview (Sept 2020) where Tai Zen tells listeners the total crypto market cap was about $350B and estimates a conservative bull-market target of $1.5–2T (implying roughly 2x upside to $1T). He explains crypto cycles: bear markets last ~2–3 years while bull markets are short, roughly 6–10 months, and from a technical perspective said the market was still near the bottom in this excerpt.

Questions this video answers

~$350 billion

Between $1.5 trillion and $2 trillion

About 2x from the then-current level

About 2–3 years

About 6–10 months (he described 6–8–9–10 months)

Hopefully people are taking mad notes and their hands are hurting.
If you just do those few items, you are so far ahead of the rest of the crowd. There are people that's been in crypto for five, six, seven years. I don't even know that stuff.
Yeah, that's awesome. Well, as a listener to bacon rap business you guys do now.
Yeah. We are still so early. Don't let anybody fool you. I told you, the market cap of all 6,000 plus crypto is like 350 billion right now. And we're going to the trillions if we just go to a trillion market cap. We just made 2x from here. Yeah. And in this bull market, we estimate, we estimate conservatively that we're going to get to somewhere between 1.5 to 2 trillion in this bull.
Market. And you think this bull market will last what, like maybe 12 to 18 months?
The bull markets usually last. Okay, so the way that the cycles work in crypto, the bear markets last like two, three years, but the bull markets only last like six to six to. It's like around six, eight, nine, 10 months. It's not very long because it goes up like this. Like a hockey stick goes up. And it goes up very, very fast.
And are we even? We're not. Are we in a confirmed bull market yet? From a technical trading perspective.
From a technical perspective, we're still near the bottom.
Because.