Bitcoin Halving Might Influence The Next Bullish Cycle For The Crypto Space

The crypto industry definitely needs time to recover, with the fall of FTX and the reputation which the collapse has brought to the entire system. A renowned crypto analyst and veteran traders says that the bitcoin halving might be the next bullish catalyst for bitcoin to brake out of the bearish cycle next year. In he’s words he continued with saying that;

“It’s just a massive hit to lose $10 billion in capital from this industry. To have that just stolen away, that could’ve gone to great stuff and moved this industry forward. So that’s going to take some time to recover from.

Obviously, prices are depressed as a result of all this as well, so I think we’re going into an even deeper bear market winter. It might be protracted, we don’t have another Bitcoin halving until March 2024. It’s going to be some time, and I think that’s sort of the next kind of big event that might cause us to bounce out of a bear market.”

source

Being bullish about the crypto industry is one of the statement he made towards the close of the session, that even if bad actors coupled with unfortunate events happing to the space he continues to stand he’s ground of being bullish on about the system.

“I think unfortunately, it’s the same story as it kind of has been for the industry for the last 11 years that I’ve been in it, which is we got to keep marching up this hill, maybe we got to sprint up this hill for a while to recover some ground. But this is a war, and it’s a marathon and I don’t think we’re going to be able to rest on our laurels as an industry.

I think there will continue to be bad actors that come in that we have to get out. There’s going to continue to be blows against the industry, and misleading information out there. Ultimately I think we got to remember why crypto is here in the first place, and that’s to deliver Bitcoin and financial freedom basically to the whole world.”

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance ^Beta