Experts from the management company Grayscale published a report on the market situation called “The State of the Crypto Cycle.” According to the authors, Bitcoin’s fundamentals remain strong and the asset’s bullish cycle will continue for several more years.
The cryptocurrency market operates in four-year cycles, with alternating increases and decreases in the value of major assets. The bearish trend of 2022 and 2023 represented a downward phase, while significant growth is expected in 2024 and 2025, Grayscale believes. The trend is already obvious, given the rise in the price of Bitcoin by 155.6% over the past year, experts announced.
Bitcoin’s price movement mirrors the trajectory of previous cycles; in 2022, the price of the first cryptocurrency fell to $16,000 per coin, but has since risen by more than 6,000%.
So far, the asset’s return is noticeably lower compared to past market cycles. This suggests there is even more room for growth now, Grayscale analysts said.
Even though the market is in the second half of a bull cycle, there is significant potential ahead for both the first cryptocurrency and alternative coins. A factor such as the pro-cryptocurrency policy of US President-elect Donald Trump will strengthen the Bitcoin rally, which is far from over, experts concluded.
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Source: Cryptocurrency
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