iStock 1364747545 e1656705030150 Just 250 days left of the crypto winter!

Just 250 days left of the crypto winter!

– The current bear market in cryptocurrency will last another 250 days, according to Grayscale Investment’s latest Insight report.
– The report pins the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves.
– Realized price is determined by the sum of all assets at their purchase price divided by the asset’s market capitalization.
– Wednesday saw the realized price of BTC cross below market price, which Grayscale identifies as the start of the current bear market.
– The firm believes this presents a prime investment opportunity which is set to last another 250 days from July if the duration of previous cycles repeats itself.
– 2016 to 2019 will be remembered for the boom in initial coin offerings, made possible by smart contract functionality introduced by Ethereum.
– The 2020 market cycle will be remembered as a story of leverage. Grayscale notes that investors were enticed to leverage trade with increased government spending during the COVID-19 pandemic.

 

 

Just 250 days left of the crypto winter!
Just 250 days left of the crypto winter! 3

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