Hunter Horsley joined the list of people who think the best time to invest in bitcoin is during the ongoing crypto winter.
Hunter Horsley – CEO of the technology solutions provider Bitwise – believes bear markets are a great period when investors could increase their exposure to bitcoin.
He estimated that the next bull run will begin next year, outlining that his firm’s clients have already increased their interest in the asset.for Bloomberg, Horsley outlined the historical pattern of bitcoin’s price movement. During its existence, the primary cryptocurrency has passed periodically through four-year cycles, while bull runs with growing momentum have always followed bear markets.
“So in 2014, the market was down almost 60%. 2018 – market down north of 70%. And this year, obviously, 2022, the market is down around 60%. The expectation, if the market continues its historical trend, would be that we begin a new cycle next year.” Despite the current market crash, the executive said an increasing number of Bitwise customers had renewed their interest in the crypto industry. In his view, those who hop on the bandwagon now have a better chance to generate significant profits in the future:
“So the story of this year is definitely a bear market. Nevertheless, we’ve seen increased interest from our client base. And I think the backdrop for many crypto investors is that there have historically been four-year cycles, and while there are opportunities to make money in many crypto market moments, bear markets are the moments when fortunes can be made.”Investing during a time of crisis is a strategy that numerous financial experts have adopted.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judicial Watch sues for records over possible FBI obstruction in Hunter Biden investigationA conservative watchdog group, Judicial Watch, is suing the Justice Department for records related to possible FBI obstruction in the Hunter Biden investigation.
Read more »
Werewolf By Night director wanted Elsa to be less hypersexualPlayed by Laura Donnelly, elite monster hunter Elsa Bloodstone definitely doesn't have her original comics look
Read more »
UPDATE: 3rd bounty hunter charged in National City case arrested in RiversideJesse Wagner, 47, who was described by authorities last week as a fugitive who owns the bounty hunting company Fugitive Warrants, was booked into the Robert Presley Detention Center.
Read more »
Mark Rylance, Rebecca Ferguson, Charles Dance to Voice Star in Podcast Thriller ‘Spark Hunter’Releasing on Election Day, the eight-episode series is directed by Trudie Styler and will also feature a cameo from Styler's husband Sting.
Read more »
The Missing Player in a Potential Hunter Biden Tax CaseThe director for the Tax Division, a Senate-confirmed position, has yet to be filled—because President Joe Biden, despite being almost two years into his term, hasn’t nominated one. And that absence begs the question: What’s the holdup?
Read more »
New York hunter charged with illegally using doughnuts as bait to attract bears | CNNYou attract more bees with honey -- and more bears with doughnuts, apparently.
Read more »