Bridger Pennington runs a $25M crypto fund and breaks down how Bitcoin cycles work: Bitcoin runs first, then Ethereum, large caps, and alt season follow. He says the NFT and Pepe crazes happened before, and it's not too late to get in now.
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This is probably one of the most important charts you will see in crypto. Explains why Bitcoin's falling off a little bit from almost breaking $100,000 and why ETH is rallying. Now, we run a $25 million fund in crypto right now, and this is what we talk about. In a cycle, crypto runs historically in 4-year cycles. Typically Bitcoin runs first. Okay, money, a lot of money flows into here. After people get a lot of money there, they tend to sell Bitcoin, the gains, and they roll into what's next. We then roll into phase 2, which is Ethereum starts to run. As Ethereum runs, then large caps run, and then alt season run, and money typically flows down this chart. This is last cycle. We had like NFT craze and a thousand X Pepe dumb coin stuff like that. That's when this happens. We are still here. We believe we are still in the first inning. Bitcoin has run. We still have a lot. We think a lot more runway to go on Bitcoin. Ethereum, we believe, will run harder, and then down the line. Am I too late? Has it already run? I personally don't think so. This is Avax, a top ten coin right now. This is the price, okay? Yes, it's gone up 30% this month, it's been great, okay?