Will the cycle be shorter given more institutional investors/ adoption/ more people aware of crypto? Or, as we’ve seen the cycles getting slower, will it take longer?
The Mt Gox crash in 2013/14 took until June 2016 to start lifting again; that’s around 30 months.
2017/18 crash took until October 2020 to really lift again. That’s around 34-35 months.
If it’s shorter; say 30 months, we are looking at December May 2024 (the halving) before things start recovering.
It it’s as long, we will see recovery at the end of 2024/ start of 2025.
And if it’s longer, it could even be mid 2025 before we see the worm really turn.
Regardless; it’s going to be fun accumulating again. But, many of the projects that crashed in 2017 never really recovered, so picking the right projects will be a challenge.
Personally, I think “Metaverse” (whatever the hell it’s final form will be) will emerge from the gaming industry so am focusing there.
Where will you be focusing and why?
Edit: adjusted for start dates; which I’ve now set at Nov ‘21 (previous peak) instead of now which I did originally. To be fair, I do have a smooth brain.
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