The above question is one that scores of investors are thinking, maybe publicly on X, but probably privately as they consider reallocating to crypto coins or not in the dead of this bear market.
And yes, crypto is indeed in a bear market. Sure, Bitcoin is about 30 percent up from its $60k lows in February, but it’s also 30 percent off its all-time highs set in October. We’re not here to argue whether the bottom is in or not, but just about every other major financial market is past all-time highs or close to it, except Bitcoin and the rest of the industry (most alt coins are down much more than Bitcoin from its highs).
But the bigger question is will crypto mount its usual comeback? Every four years, if you believe in cycles, crypto dies. Only for it to rise from the ashes phoenix-style and ascend to new highs. But investors are less certain this time, shaken by another brutal bear market.
So is it over or is crypto about to be so back? We actually think it’s both. That might sound like an oxymoron, but hear us out on this one as we lay out our case.
