The Crypto Winter Is Finally Over. Here's What to Buy Now
Historically, the crypto market has been highly cyclical. Long bull market rallies are followed by long bear market reversals, and then the cycle repeats again. That appears to be what is happening right now -- after a long crypto winter led to widespread carnage in the crypto market in 2022, we're seeing the signs of an extended crypto market rally in 2023.
The big question, of course, is what happens in 2024. If the "crypto winter" phase of the cycle is finally over, it could mean the arrival of "crypto spring." Let's take a closer look at what that means for your portfolio.
As Wall Street firm Morgan Stanley recently pointed out to its wealth management clients, a number of different factors could signal the arrival of crypto spring. The most important of these is the upcoming Bitcoin (CRYPTO: BTC) halving. This event, which takes place only once every four years, is scheduled for April 2024. There have been three previous Bitcoin halvings (in 2012, 2016, and 2020), and each one led to a huge rally in the price of Bitcoin.
Source Fool.com
