Jake, the 'Crypto King,' is a Fintech entrepreneur and venture capitalist. He has created a name for himself by being an outspoken voice in an often-silenced community.
The Fintech space is composed of the combination of two worlds—Finance and Technology. The world of cryptocurrency and blockchain is at the forefront of this Fintech revolution, with individuals like Crypto King leading the charge.
Bitcoin has been a relevant piece of the Fintech revolution for more than ten years. With multiple groups having Bitcoin ETFs pending before the SEC, this year could be the most important yet. A Bitcoin ETF will allow institutional investors to own spot Bitcoin instead of solely being able to take 'long' or 'short' positions. Since the approval of the Gold ETF, the price has increased more than 10x. With Bitcoin having more than 94% already in circulation, it is one of the only deflationary monetary assets in existence—a favorite investment of the Crypto King.
He highlights how every four years, Bitcoin undergoes a 'halving' in which half as many Bitcoins are rewarded each 'block' (occurring every ten minutes). This decrease in Bitcoin rewarded to those supporting the network drives the value of Bitcoin perpetually higher.
Having extensive experience in finance, blockchain, and technology, he often finds himself at the forefront of venture capital investments while traveling the world and speaking at conferences. Sharing wisdom he's garnered from 7+ years in the space, coupled with knowledge from both successful and failed ventures, makes him a unique member of the blockchain arena.
Currently, he forecasts Bitcoin will be between $150,000 and $210,000 in the next two years. This would equate to 2–3x Bitcoin's prior all-time high. Historically, Bitcoin moves in a parabolic manner during bull runs, hitting highs of 3–4x its prior high. Bitcoin was previously at $69,000, making his target of $150,000–$210,000 seemingly in range. Only time will tell if this prediction will come true.
The Fintech and Blockchain space are some of the fastest developing spaces in the technological world. This is because of the utility and security innately embedded in blockchain tech. Given how rapidly it develops, there have been cyclically bull and bear markets every four years going back the 13 years of Bitcoin's existence. The Crypto King is adamant the longest bear market has recently ended with Bitcoin, Ethereum, and Solana breaking out of their multi-year ranges.
He speaks openly about how there are multiple catalysts for the next bull market, including:
Historical Market Cycles
The Bitcoin Halving (as explained above)
Integration of Cryptocurrencies into the X platform
Integration of Blockchain Tech (cryptocurrencies and NFTS) into Traditional Games
Partnerships With Blockchain Enterprises and Governments
Partnerships with Blockchain Enterprises and the Largest Companies
The Likely Shift to a Republican Presidential Candidate in the United States
The Realization Governments will Incorporate their own CBDC (central bank digital currency)
The Crypto King highlights how this list is not 'perfect' but includes many bullish catalysts likely to occur in 2024. Some question what would happen if Bitcoin was regulated heavily or possibly "banned." His response is simple, "What happened to the price of alcohol when it was banned in 1939?" Similarly, if it is regulated, he states, "It would finally receive worldwide government recognition; either a ban or regulation would make price move parabolically."
The world is already moving toward a technologically advanced future. Will the Crypto King be correct in his predictions, or is this a farfetched belief in a dwindling technology?
