Ivan believes the crypto market is entering a bullish phase, primarily due to Tether's significant printing of new tokens.
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He highlights that Tether printed 1 billion USDT at their treasury, which he sees as a strong indicator of a continuing bull market. Ivan states: "As long as tether prints, you know that the bull market isn't intact."
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The market has seen substantial growth since early 2023, with Bitcoin moving from $15,000 to $60,000-$70,000. Ivan points out that this growth coincides with Tether's increased printing.
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Ivan mentions that Arthur Hayes predicts Bitcoin could reach $100,000 this year. He emphasizes the importance of Q3 and Q4, saying: "That's when the magic happens."
Ivan also notes the increasing institutional adoption of cryptocurrencies:
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Goldman Sachs has declared holding $500 million in crypto assets.
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Other major players like BlackRock, Fidelity, and various high-profile individuals are buying Bitcoin.
In summary, Ivan sees Tether's increased printing as a key driver for the crypto bull market, alongside growing institutional adoption. He advises viewers not to be discouraged by short-term volatility and to focus on the bigger picture of market growth.
