Grayscale estimates the current bear market to last for 8 months.
July 19, 2022
In the latest report, Grayscale has calculated the current crypto market to last for another 8 months.
Grayscale compared the current bear market with other market cycles in crypto history to predict when the next bull run could arrive.
Grayscale noted that, like traditional markets, the cryptocurrency space is cyclical and currently “the worst bear market” in its history.
The report assessed that crypto market cycles last an average of 4 years while the current market is forecasted to last only for eight months.
The firm predicted that the current market cycle that began in 2020, if repeats itself like previous market cycles, can make a comeback.
The report also covered that the bitcoin’s movement in the all-time high (ATH) range last year was longer than in previous cycles.
In the conclusion, it stated that regardless of the severity of each market cycle, the crypto industry always comes out stronger in the end, and it's the best buying opportunity for investors.