Bitcoin Is Down 48% From Its All-Time High. Here's What History Says Happens Next
Bitcoin has a track record of bouncing back from steep market declines. This time will be no different.
Bitcoin Is Down 48% From Its All-Time High. Here's What History Says Happens Next
Overview
The first thing you need to know about Bitcoin (CRYPTO: BTC) is that it has a long track record of bouncing back from adversity. That's why Bitcoin's current 48% plunge from its all-time high of $126,000 doesn't worry me as much as it does some crypto investors.
In fact, if history is any guide, Bitcoin could be about to go on another of its record-setting runs as early as 2027. The historical evidence is just too overwhelming to ignore.
Details
Long-time crypto investors understand that Bitcoin is highly cyclical, typically trading in four-year cycles of boom and bust. There are typically three very good years, followed by a stomach-churning market crash in the fourth year.
Source
Originally published at www.fool.com.
