Yes, crypto currencies have emerged out of a bear market.

However, all ALT coins are still some 70 - 80% down from the last high whilst Bitcoin is only down 50%. Until Etherreum, EOS, Vechain etc. start to become more adopted with serious mainstream dapps they will just move sideways.

Bitcoin is different as it probably the only crypto currency known to the public and considered an asset like gold.

Interesting theory! If he's right, we will never hear the end to his prediction/theory. Wrong, then it will just fade away.

Though, it is thought provoking.

Many thanks.