Market Outlook - The market's significant upswing hinges on liquidity, with individuals currently holding onto cash [4] - Liquidity cycles have shifted to a 5-year pattern, anticipating consolidation similar to the 2019 top, followed by a rally starting in Q4 2026 and 2027, which will highlight all coins [5] - The new norm appears to be 6 to 9 months of consolidation before upward repricing, potentially leading to elongated cycles with 30% pullbacks [6] Quantitative Easing (QE) and Monetary Policy - Absence of quantitative easing (QE) hindered the expected Bitcoin surge to $300,000 [1] - Bull market is anticipated in 2026 and 2027, driven by quantitative easing and federal funds rate cuts [2] - Liquidity created through QE takes approximately half a year to 8 months to impact Bitcoin and risk-on assets [3] Cryptocurrency and Blockchain Trends - Layer 1 coins are strategically positioned to benefit from various narratives like DeFi, experiencing indirect price increases [8] - Focus on investing in Layer 1 coins such as Solana, BNB, and Sui to capitalize on the value increase from different narratives [9] - Capital markets are expected to move on-chain, mirroring crypto markets with 24/7, limitless, and borderless trading [10] Global Adoption - Smaller, more agile, and independent countries are expected to lead in Bitcoin adoption, while G20 countries may be slower [7] - Countries like Bahrain, Kuwait, and UAE are seen as open to innovation and technology, potentially leading the way in Bitcoin adoption [7]