Lark Davis looks at whether crypto is nearing the end of its cycle, and his take might surprise you.
He points out that in past bull runs, hype drove things higher until everything crashed hard. This time, though, the market feels more mature. Instead of ICO mania like in 2017, we’re seeing big IPOs, SPACs, and serious institutional money flowing into Bitcoin and Ethereum. Treasury companies are stacking crypto, ETFs are pulling in billions, and risk appetite in traditional markets is heating up again.
Some investors fear this means the top is here, but Davis argues we’re still far from it. He compares today’s environment more to 1997 in the dot-com era, not 1999. In other words, we could still have years of growth, even if things eventually get wild and overpriced.
His advice is simple: no one has a crystal ball, so always have a plan. Take profits when you can, don’t assume gains last forever, and remember that volatility is part of the game. But overall, he thinks this cycle has more room to run before it’s done.
