A widely followed crypto analyst says that the digital asset market is about to fully ascend into a real supercycle.
In a new thread, pseudonymous crypto trader Kaleo tells his 724,500 followers on X that the market cap of digital assets appears ready to explode amid the early stages of a supercycle, which is an extended period characterized by the outsized growth.
According to the trader, if this cycle was a regular four-year trend, the crypto king Bitcoin (BTC) would have already started a correction.
“We are about to see a level of growth in market cap expansion like we’ve never seen before. This is the real supercycle in my opinion… In previous cycles, within 18 months, Bitcoin would have already peaked. We would have already seen a retracement… within 18 months is when every other cycle has seen its peak.
So if you believe this is a typical four-year cycle, we have one more month, and it’s over – or at least, we’ll start to enter the descent, and I just don’t think signs of a descent are here yet. We’re in the full signs of an ascent.”
According to Kaleo, the S&P 500 skyrocketing is a sign that the crypto markets are on the cusp of a massive rally, not one of hype and speculation being baked into the market.
“The S&P 500 again [on Friday] just printed another new all-time high… [It] basically replicated the Covid crash [earlier this year] with the tariff crash. A lot of people thought it was over then, and look at what it has done… We have a ways of expansion left to go.”
The S&P 500 is valued at 6,664 points at time of writing while the flagship digital asset is trading for $115,803.
Generated Image: Midjourney
