Dan Morehead, founder of cryptocurrency investment company Pantera Capital, wrote that Bitcoin experienced the longest period of negative year-on-year returns in history, lasting 15 months.
The previous longest period was less than a year. The argument is that we’ve seen markets fall long enough.
The combination of recent positive events: XRP’s ruling and endorsement by ETFs like BlackRock, the Bitcoin halving expected to occur in April 2024, will provide strong preparations for the digital asset’s next bull run.