Bitcoin (BTC) and altcoins have been under the influence of the bear market for a long time and experienced sharp decreases.
As the declines caused the investors to make losses, investors are waiting for a possible rally while wondering when the bear market will end.
In this regard, some experts actually think that bear markets are the basis for making profits in the future. One of these experts is Hunter Horsley, CEO of Bitwise.
Speaking to Bloomberg Technology Bitwise CEO Hunter Horsley stated that there is always a chance to make money in cryptocurrencies, claiming that especially bear markets are ideal times to make wealth.
bitcoin The famous CEO, who thinks that the trend of assets such as assets is up despite the decreases, said that the correction in the stocks caused BTC to deviate a little from the current trend, but the effect of this would be temporary.
“While there are many opportunities to make money in the crypto market, bear markets are times when investors can make a fortune.
The current bear markets provide an opportunity for some cryptocurrencies to consolidate their positions.”
BTC and cryptocurrencies Comparing the past bear markets, Bitwise CEO gave a date for the possible rally and pointed to the year 2024.
“We move in four-year cycles in the crypto market. We are experiencing three years of bull market followed by a bear market year with increasing upward momentum.
There was a 60% decrease in the market in 2014 and a 70% decrease in 2018. When we look at the bear market of 2022 this year, there was a decrease of approximately 60%.
If the crypto market continues its historical trend, we are expected to start a new cycle next year.”
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