Feast of Wealth: Reviewing the three rounds of bull markets in the currency circle and looking forward to future investment opportunities
In the world of cryptocurrency, the alternation of bull and bear markets constitutes the market cycle. Looking back at history, we can draw valuable lessons from it and look at future investment opportunities with a more informed perspective.
In the first round of the bull market, the currency circle experienced 13 months of crazy rise, with an increase of 523 times. At that time, investors seemed to be standing at the pinnacle of wealth, enjoying endless glory. However, as the market corrects, the wealth effect begins to weaken.
In the second round of the bull market, the rise lasted for 17 months, but the increase has fallen sharply to 129 times. Still, it's an impressive number. However, by the third round of the bull market, the rising period was extended to 19 months, but the increase had shrunk to 22 times. This trend shows that the wealth effect of the currency circle is gradually decreasing over time.
In the upcoming new bull market, we can conservatively predict that the increase multiple will be around 10 times, which means that the price of Bitcoin may be around $150,000. This is an exciting number, but it is also a reality we must face.
So, where are the investment opportunities in the future? Let us boldly predict the next bull market. It is estimated that the increase will further shrink to about 5 times.
