"My First Three Altcoins Were..."

In a YouTube interview, Davis said he bought his first Bitcoin after his mother told him about it in 2017. He also bought NEM, Digibyte and Ripple (CRYPTO: XRP) as his first altcoins. While NEM and Digibyte are no longer talked about much, XRP remains relevant.

Davis reminded people that most ideas are not new and many projects failed to gain adoption over time: "it's not because they were scams, they just failed to get adoption. Right idea wrong time."

"ETFs are the spark, every cycle has a spark."

Davis believes we are in a 2016-style prolonged bull market. He discussed how the launch of Bitcoin ETFs will bring new liquidity and investment into the cryptocurrency market.

However, he warned that this does not mean the market will only go up forever, saying "it doesn't mean the super cycle is here."

While ETFs are fundamentally bullish long-term, money can also flow out of ETF products if prices decline from highs: "when they [ETF shares buyers] get a 5X on that, people are going to sell."

Davis also noted that ETF flows are not a one-way street. "Wait when tens of thousands of bitcoin flow out from BlackRock, then people are really going to freak out," he cautioned.

He believes Bitcoin's price could reach $150,000 this cycle due to the ETFs but warned against having a rigid price target that you won't sell under.

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Davis' Exit Strategy For The Bull Market

Davis shared tips on how he plans to approach the bull market:

He also plans to fully exit his Ethereum (CRYPTO: ETH) position, acquired at a cost basis of around $500. 

Davis emphasizes there will be no orderly exit, so sellers need to have a plan rather than bargaining with themselves to hold on as conditions change. The key is to have an exit plan in place beforehand, rather than being reactive when markets get volatile.

He recommends having a written plan or at least a clear idea to avoid getting overwhelmed by greed during euphoric markets.

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