🕰️ Cycle Top

Is the 4-year cycle theory still a thing? Plus, what is going on with BUIDL?

Author

Sebastian Soran
July 19, 2024

You're receiving this email because you're subscribed to Future Finance from Benzinga. To manage your subscription, click the link at the bottom of this email.

TGIF, Zingernation! The election season is in full swing and that means crypto bettors are having a blast. Here’s who is currently favored to win the Democratic nomination.

Today, we look at whether the four-year cycle theory is still intact, what’s going on with BlackRock’s BUIDL tokenization fund and more.

Plus, our partner helps you grow your business with a free CRM solution.

MARKET SNAPSHOT

TOP STORY

Is The Bitcoin 4-Year Cycle Theory Still Intact? If Yes, Here's When The Top Is Coming

Briefly: A prominent trader that the high in March 2024 was the first deviation from the original cycle, with new all-time highs occurring approximately a year earlier than usual.

So Basically: But he still believes it’s still possible for everything to turn out as it has in the past.

So Then: A first top in June 2025 and a final top in December 2025 would mirror the second cycle from 2014 to 2017.

So What:For the 2021 to 2025 phase, the trader predicts a 150% rally, after the 450% rally in the last cycle.

TOGETHER WITH HUBSPOT

HubSpot offers an intuitive customer relationship management platform tailored for small businesses. Manage leads, track sales performance, and understand your customers with ease. Best of all, it’s completely free, with no limits on users or data, allowing you to store and manage up to 1,000,000 contacts.

FIVE ZINGERS

Upset: President Biden may soon be out, if crypto bettors are to be believed. VP Kamala Harris is the new favorite to become the Democratic nominee.

Careful: If Bitcoin tanks by 15%, a popular dogcoin may crater as much as 40%, a trader warned. But it’s neither Dogecoin nor Shiba Inu.

Visionary: Kim Jong-Un is not the classic visionary but he has a specific plan and idea in mind for his North Korean crypto hacker industry.

Trump Card: Bitcoin has shown remarkable resilience and options traders are betting on it having a trump card up its sleeve later this year.

Fundraiser: Trump’s Bitcoin conference fundraiser tickets aren’t cheap, with figures as high as $844,000 circulating.

TOGETHER WITH HUBSPOT

HubSpot offers an intuitive customer relationship management platform tailored for small businesses. Manage leads, track sales performance, and understand your customers with ease. Best of all, it’s completely free, with no limits on users or data, allowing you to store and manage up to 1,000,000 contacts.

FINTECH FOCUS

Briefly: BlackRock’s tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund) has ammassed more than $500 million in assets under management (AUM) in three months, according to a new report.

What Happened: The research report by Digift shows that as of July 9, 2024, the fund’s AUM reached $502.8 million, held across 17 addresses.

What Else: Ondo Finance, currently the largest holder of BUIDL tokens, has utilized this asset to create its own money market fund product, OUSG.

Why It Matters: Regulatory hurdles and compliance issues remain significant obstacles, with most jurisdictions taking a conservative approach to asset tokenization.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this twice-daily newsletter delivers top stories, fast movers, and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.