Grayscale report reveals: How long can the crypto bull market last?
I usually like to look at the research reports of large institutions, which are much more reliable than those KOLs. The macro reports of large institutions look at the market from the height of the industry, and the analysis is also professional.
Recently, the report "Current State of Crypto Cycle" has become popular. It talks about the current situation of cryptocurrencies and how they will change in the future.
Let me summarize it for you. There are three key points. If you want the full report, just go to my Twitter and send a private message "Grayscale Report".
The first point: The bull market is only halfway
Grayscale has looked at a lot of data and said that Bitcoin has not yet reached its historical high price. Bitcoin and other cryptocurrencies, like traditional commodities, have to rise in price.
The situation of on-chain data and altcoins is too important for our investment, so we have to keep an eye on it. According to research, the current market indicators are quite similar to the mid-term of the cryptocurrency cycle. As long as the market foundation is good, such as many people using it and a good economic environment, the bull market can last until 2025, or even longer.
Simply put, we are still halfway through the bull market.
Second point: Bitcoin abdicates, altcoins take over
The cryptocurrency market is not just about Bitcoin, the performance of other currencies is also very important. Especially the performance comparison of Bitcoin and other crypto assets, these indicators must be optimistic in the next year.
In the previous bull market, Bitcoin accounted for the majority, and it began to decline two years later. At this time, altcoins began to exert their strength. If this trend continues, we have to keep an eye on crypto assets and overall market indicators to see if the market valuation is about to reach its peak.
To put it bluntly, when Bitcoin is in the limelight, altcoins are also quietly accumulating strength, and they may turn over and take charge in two years. Investors must be more sensitive and grasp the changes in the market cycle.
Third point: This bull market is different
This crypto bull market is different from the past. The most obvious thing is that the US market has begun to approve Bitcoin and Ethereum trading products, attracting $36.7 billion in funds, and traditional investments have also begun to accept these digital assets.
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