BTC weather soon will be sunny – though it has no end recession Bitcoin price (BTC) about $20,000, more and more players Expect a brilliant rebound for the cryptocurrency industry. Today, it’s the fund’s CEO’s turn Bitwise Asset Management To be very optimistic about the (near) future of Bitcoin and the like.
The Light at the End of the Bitcoin Tunnel Next Year?
raw encryption winter that we are going through is there a Good accumulation period of cryptocurrency, in anticipation next one Bull ran (bullish market)? This seems to be convinced Hunter HorsleyCEO of Bitwise Asset Management.
at recent days an interview awarded to Bloomberg Technology, the leader believes the crypto-asset market You should start in 2023With an increasing acceleration of this increase until 2025.
Historical style [du marché] One of the cryptocurrencies, with the data we have on these twelve years of adventure, is that we have four-year cycles. We have three years of bull markets with increasing momentum, and then we have a year of bear markets. In fact, in 2014 the market was down about 60%. In 2018, the market is down nearly 70%. And this year, the market is obviously down in 2022 about 60%. If the market continues its historical trend, we can expect that we will start a new cycle [haussier] Next year. »
Hunter Horsley
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The renewed interest from institutional investors in bitcoin is already being felt
If the CEO of Bitwise is so optimistic, it’s not for nothing. In fact, he has already noticed relapses in long positions of his wealthy clients. Compared to last year’s record prices, the risk/reward ratio becomes more and more interesting.
“(…) We have seen increased interest from our clients. And I think the background, for many investors, is that there have been four-year cycles. And while there are opportunities to make money in many phases of the cryptocurrency market, bear markets are Stages through which wealth can be reaped. »
Hunter Horsley
How far would Bitcoin go if it was a Bull ran Was it due to happen? Some see BTC first hand Hit the million dollar mark. But the question that will arise then is: Will this million dollars have the same purchasing power as it does today? with’Accelerated inflation and the Consumption Fiat currencies, the answer is very likely negative.
If by the end of this article you are still not convinced of the vital importance of jumping on the bitcoin and cryptocurrency bandwagon, let’s say goodbye to good friends. Nothing and no one will succeed! Failing that, don’t wait any longer to prepare for the future. Run to sign up on Binancethe absolute standard for cryptocurrency exchanges (trade link).