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GM. This is Milk Road, the daily newsletter that keeps you healthy and fresh on crypto, unlike swimming in the Seine River. |
Here’s what we got for you today: |
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COTD: BULL MARKETS LAST LONGER THAN YOU THINK 🗓️ |
Get your popcorn ready and take a seat because we’re dissecting bull markets with a chart that's as riveting as an Oscar Winner. 🏆️ |
Carson Investment Research has laid out the timeline of bull markets in the S&P 500 since 1949, and let me tell ya, these bulls have more stamina than your uncle on karaoke night. 🎤 |
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The average bull market clocks in at 61 months, over 5 years of good vibes and upward trends. 📈 |
For context, that’s enough time to learn a new language, train for a marathon, or binge-watch every season of Friends – twice. |
For those of you who need a quick recap: |
Bull Market: Stock prices rise by 20% or more (based on S&P 500). It’s like the market chugged a Red Bull – everything’s soaring. Bear Market: Stock prices drop by 20% or more. Think of it as a bear going into hibernation – slow, sleepy, and kind of a bummer.
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Here’s the bull market history breakdown: |
The longest bull: This bad boy started in March 2009 and went strong for 131 months. That’s nearly 11 years of market euphoria. (Keep in mind this was post recession) The short speedster: The shortest bull market was a quick 21 months, kicking off in March 2020.
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And where is the current bull market at? 21 months strong! |
So how long will this bull run… run, and what does it mean for crypto? 🐂 |
Since crypto became a big enough asset class in the 2017 cycle, its bull and bear markets have been in sync with the S&P 500 like dance partners at a wedding. |
We hit rock bottom just a month after the S&P 500 did, kicking off this current bull run. |
So, if this bull run is 21 months in, and the average bull run is 61 months, we’ve got 40 months left on the clock. |
That would bring us to a date of around the end of November 2027. 🗓️ |
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Most crypto folks are calling for the bull run to wrap up in 2025 because of the usual 4-year cycles... but what if this time is different? |
Maybe our crypto bull market will run similar to the average stock market run of the past, keeping the party going longer. 🤷 |
We want to know what you think. When do you believe this bull run will end? |
A/ 2024 |
B/ 2025 |
C/ 2026 |
D/ 2027 and beyond |
Hit reply and let us know your thoughts! |
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MILKY MOVEMENTS: 3 WINNERS & 2 LOSERS 🥇 |
Hey Roaders, it’s that time again! |
Grab your spoons and get ready to dive into last month’s token winners and losers out of the top 100 on CoinMarketCap. 🪙 |
Here’s what was riding high (or crashing hard) last month: |
Winners |
1/ Mantra ($OM) was up 46.40% |
What it is: Mantra is a community-governed DeFi platform that focuses on staking, lending, and governance. The token: $OM is used for staking rewards, governance votes, and various DeFi services on the platform. Why it was up: A surge in DeFi activity and new partnerships have boosted confidence in Mantra. What to watch for: Keep an eye on further DeFi integrations and potential staking updates.
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2/ Helium ($HNT) was up 39.36% |
What it is: Helium is a decentralized network for IoT (internet of things) devices, aiming to create a vast network of interconnected devices. The token: $HNT is earned by providing network coverage and is used to pay for data transfer within the network. Why it was up: Expansion of network coverage and new partnerships with IoT companies have driven up demand. What to watch for: Future network expansions and any major new partnerships could push $HNT.
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3/ XRP ($XRP) was up 32.58% |
What it is: XRP is the native token of the Ripple network, designed for fast and low-cost international payments. The token: $XRP is used for transactions within the Ripple ecosystem and by financial institutions for liquidity. Why it was up: Positive developments in Ripple's ongoing legal battles and new use cases for cross-border payments. What to watch for: Keep an eye on the legal landscape and new financial solutions that leverage XRP.
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Losers |
1/ Starknet ($STRK) was down 32.00% |
What it is: Starknet is a Layer 2 scaling solution for Ethereum, using zk-rollup technology to increase transaction throughput. The token: $STRK is used for transaction fees and governance within the Starknet ecosystem. Why it was down: Delays in network upgrades and concerns over competition from other Layer 2 solutions have spooked investors. What to watch for: Progress on their technological roadmap and any new partnerships or integrations.
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2/ Flare ($FLR) was down 28.92% |
What it is: Flare is a blockchain platform that aims to bring smart contract functionality to various networks, including XRP and Litecoin. The token: $FLR is used for transaction fees, governance, and as collateral within the network. Why it was down: Slow development progress and competition from other smart contract platforms have weighed on its price. What to watch for: Any major network upgrades or new developments that could reignite interest in $FLR.
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Thanks for checking out this month's edition of Milky Movements. We’ll keep our eyes on what pops off 🍾 or takes a dump 💩 next month. |
P.S. Given the volatility here, these assets seem to be for those with a risk-on tolerance… well there’s a particular long lost narrative that has also been for those with an appetite for risk! |
Want to know what it is? |
Check out today’s episode of The Milk Road Show with Zeneca to find out why he thinks there’s a short term 3-5x up for grabs! 🎧️👇️ |
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YouTube | Spotify | Apple Podcasts |
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MILK ROAD PRO PORTFOLIO UPDATES 📊 |
Look! Up in the sky! It’s a bird! It’s a plane! It’s… the Milk Man sharing his latest portfolio changes. |
Like clock-work, every Thursday, we’re here to share our updated list of investments from the Milk Road PRO Portfolio. ⏰ |
Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “how to build a crypto portfolio in 2024” report to learn more about our portfolio strategy. 💼 |
Portfolio performance 📈 |
The Milk Road PRO Portfolio saw a slight increase over the past 7 days. Our portfolio value is at $108.1K, up 0.6% since last week. |
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The stock market has paused its strong uptrend over the past week, affecting the crypto market too. |
So when will crypto start to grow and reach new all-time highs? |
We believe that once the Mt. Gox FUD and Grayscale $ETH outflows are resolved in the next week or two, it's all uphill from there.🎢 |
With China already pouring significant liquidity into the market, other countries are likely to follow suit. This bodes well for risk-on assets.👀 |
So let’s see what changes we’ve made to our portfolio ⤵️ |
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Portfolio changes 👀 |
| The Milk Road PRO Portfolio is available for Milk Road PRO members only. | GO PRO AND UNLOCK: | Full access to the Milk Road PRO Portfolio. 👆 Our weekly reports that help you invest successfully in crypto. 💰 Full access to our weekly bull market peak indicators. 📊 Full access to the Milk Road PRO community. 🫂 50% off Milk Road's NEW crypto investing masterclass 📚️
| | PRO REVIEW OF THE WEEK | |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
A16z Crypto backs DePIN project Daylight with fresh funding. $9M was invested by the firm in Daylight, a project aimed at incentivizing users to connect their energy devices (e.g., solar panels, electric vehicles) to earn rewards. |
Polymarket's trading volume soars to $387M in July. The prediction market hit a trading volume of $387M in July. Will it hit the $1 billion milestone before the election… Those trading candles are getting as big as election promises! |
Bank of England cuts interest rates by 0.25%. The Bank of England has cut rates for the first time in four years, lowering them to 5%. Looks like they're doing their bit to sweeten the economic tea across the pond. Wen U.S.A? |
Donald Trump selling Bitcoin sneakers. Trump is now selling Bitcoin-themed sneakers after his keynote at the Bitcoin 2024 conference. Just when you thought his shoes couldn't get any more golden! |
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MILKY MEMES 🤣 |
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ROADIE REVIEW OF THE DAY 🥛 |
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VITALIK PIC OF THE DAY |
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. |
