'We are now at the early stage of a bear market,” said the co-founder, expecting the next bull run to be in 2024. crypto cryptocurrency bitcoin $BTC
Huobi Co-Founder: We're at Early Stage of Bitcoin Bear Market, Next Bull Run Expected in 2024
The exchange executive explained that bitcoin bull markets are closely tied to the halving, which occurs every 210,000 blocks or approximately every 4 years. The next one will take place in 2024. Noting that bitcoin has fallen about 40% since its all-time high in November last year, Du was quoted by the news outlet as saying if the pattern continues:
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