The Bull Market Hasn’t Happened Yet. And When It Does It Will Be Like No Other Crypto Bull Market Prior

The last few years may have trained crypto investors to distrust the very expansion they have been waiting for.

25 Sep 2026 8 min read business-cyclecryptomacro

DANGER: You can survive a bear market and still let it make your next investment decision for you. Every failed breakout teaches you to expect another. Every rally becomes something to distrust. Eventually, even improving conditions start to look like another trap.

That is why I want to begin this publication with a claim I know people will argue with: I believe the crypto bull market I have been positioning for has not happened yet. Bitcoin’s earlier gains were real. The broad, sustained expansion I am watching for is a different proposition.

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