Thread by @DermanCapital

1/ The Super Cycle Theory

Many of been hearing the idea of the #supercycle for #cryptocurrencies and I want to give my take on this idea

2/ But first, let me define what the super cycle means to me

It is when #cryptocurrencies including $BTC break away from the historic #bitcoin cycles corresponding to the #bitcoin halvings

They start to go up or down based on their own fundamentals

3/ It is abundantly clear these cryptocurrencies such as $ETH, $SOL, and $ADA have yet to hit escape velocity

For example, when #bitcoin crashed in May 2021, all other #cryptocurrencies still crashed and crashed way further than bitcoin

4/ Sure, all #crypto is correlated so it makes sense for all #crypto to crash when the biggest one crashes but in a super cycle, by definition, some should crash less based on their own fundamentals

We could be in the early innings of a super cycle, but it isn’t clear yet

5/ Many say because historic #bitcoin cycles are so well known in the #crypto community, we shouldn’t expect to see them anymore, but…

https://twitter.com/DermanCapital/status/1438119745018949641?s=20

6/ But there is real potential that we are in the early stages of a super cycle

El Salvador just made #bitcoin legal tender

$ETH, $SOL, and other smart contract platforms are gaining traction and we are just beginning to see real utility on these platforms via DeFi and NFTs

7/ So are #cryptocurrencies decoupling from historic #bitcoin cycles? Not yet but it is something we should be watching for and this could become a reality soon