Is the party all over for Bitcoin? 😭 Huobi's co-founder believes the next bull run might not happen until late 2024 or early 2025 😬
in May 2020. The next halving — which isn't expected to take place until 2024 — would further reduce the reward that miners receive tomonths after it has taken place. However, BTC began to rise sharply much sooner after 2020's event… and it ended up reaching a new all-time high within six months.
The flipside to these parabolic bull runs is that they are traditionally followed by nasty crypto winters — and in 2018, Bitcoin's price fell byin 2017. Analysts are now concerned that the industry will face a prolonged crypto winter, and bearish sentiment may drag BTC belowIf 2018's downturn was to be repeated, anA number of crypto enthusiasts argue that things have changed substantially since 2018, with the market maturing thanks to the arrival of institutional investors such as Tesla and MicroStrategy. Of course, BTC's famed volatility remains.