🚀 Is the Fifth Bull Cycle Upon Us?
posted 26 Oct 2023
As per the latest insights from Matrixport, the crypto market has officially entered its bullish phase, starting June 22, 2023, largely due to expectations of institutional adoption.
Bitcoin is being embraced by institutions as a diversification asset, paralleling gold and treasury bonds, at a critical time when the US debt-to-GDP ratio is soaring.
If we go by historical data, Bitcoin is poised to offer an average return of +310% from the start of the bull cycle, potentially soaring to $125,000 by December 2024.
Bitcoin is being embraced by institutions as a diversification asset, paralleling gold and treasury bonds, at a critical time when the US debt-to-GDP ratio is soaring.
If we go by historical data, Bitcoin is poised to offer an average return of +310% from the start of the bull cycle, potentially soaring to $125,000 by December 2024.
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