Bitcoin Says You Can Make a Fortune in the Bear Market, Reveals the Roadmap of the New Rally!

Bitcoin (BTC) and altcoins have been under the influence of the bear market for a long time and have experienced sharp declines.

Since the declines have caused investors to incur losses, investors are wondering when the bear market will end while waiting for a possible rally. Some experts actually think that bear markets are the basis for profiting in the future. One of these experts is Bitwise CEO Hunter Horsley. Speaking to Bloomberg Technology, Bitwise CEO Hunter Horsley stated that there is a chance to make money in cryptocurrencies at any time, especially claiming that bear markets are ideal times to make a fortune. The famous CEO, who thinks that assets such as Bitcoin are trending upwards despite the declines, said that the correction in stocks caused BTC to deviate slightly from its current trend, but that the effect will be temporary. "While there are many opportunities to make money in the crypto market, bear markets are times when investors can make fortunes. The current bear markets are an opportunity for some cryptocurrencies to consolidate their positions." Comparing past bear markets in BTC and cryptocurrencies, Bitwise CEO gave a date for a possible rally and pointed to 2024. "We are moving in four-year cycles in the crypto market. We have three years of bull market followed by a bear market year with increasing upward momentum. In 2014, there was a 60% decline in the market and a 70% decline in 2018. This year, when we look at the bear market in 2022, there was a decline of about 60%. If the crypto market continues its historical trend, we are expected to start a new cycle next year." Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!