Experts: The Crypto Bear Market Could Last 2 Years

Crypto Bear Market

In this article, we discuss the bear market in cryptocurrencies and what it means for your business. We also explain why the bear market could last longer than expected.

Crypto Bear Market

Cryptocurrencies have gone through multiple cycles of hot summers followed by cold winters, and they are known for their wild price swings. It took about two and a half years for the last downturn to be over.

In this article, we discuss the bear market in cryptocurrencies and what it means for your business. We also explain why the bear market could last longer than expected.

Over the past three months, with inflation spiking and recession concerns spreading, bitcoin has dropped from a high of $48,000 to roughly $21,000. Today, some top investors think we’re in for another painful, extended period of low prices. Bitcoin has been on a downward spiral for months now, with prices dropping by over 50% in the past three months alone.

“The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. His fundamental views on the industry’s promise haven’t changed.

Alex Pack is a managing partner of Hack VC, a $200 million fund. We want our portfolio companies to have two years of runway.

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