In the long term, where is the turning point of this bull-bear market? Bull markets generally do not last more than two years?
From historical experience, bull markets usually end when the economy is in recession. However, it is still difficult to predict when the global economy will fall into recession. Last year, people predicted that there might be a hard landing this year, but the actual situation is quite optimistic. Although the impact of the banking crisis and high interest rates on the real estate market was less than expected, the economic performance was very strong.
Generally speaking, Bitcoin bull markets rarely last more than two years. Starting from the low point at the beginning of last year, the current bull market has lasted for more than a year. Perhaps there will be a deep adjustment at the end of this year or the beginning of next year. Although this is just a reference, it also has a certain reference value.
AI is a new variable in the economic cycle. If AI can significantly improve production efficiency or create new demand, it may trigger a new round of investment and demand trends, thereby affecting the forecast of the economic cycle.
For example, Google's smart glasses envision that if AI is embedded in glasses to achieve seamless cooperation, it will set off a wave similar to the iPhone era
