Major investment bank Morgan Stanley has officially called an end to crypto winter in a new report, stating they believe the extended bear market is now behind us. The firm predicts Bitcoin’s next halving event will likely ignite a new crypto bull run.
Keypoints
- Morgan Stanley believes the crypto winter is ending based on historical market cycles tied to Bitcoin’s halving events.
- Past halvings kicked off bull runs with BTC price surging to new highs for around 12-14 months post-halving.
- Current data suggests conditions are ripe for the next halving in 2024 to spark a new crypto spring and bull market.
- Metrics like BTC’s 83% price drop from its peak, decreasing mining difficulty, and the price-to-thermocap ratio all signal the trough of the bear market is here.
- A 50% BTC price increase from the trough also typically indicates the bottom is in place before a new bull run.
- Morgan Stanley predicts the next halving in…
