Huobi, co-founder of Crypto Exchange, shares his thoughts on the current state of the bitcoin market and when the next bull run will take place.We are now in the early stages of a bear market,he said, adding that the next bitcoin bull market is expected to be at the end of 2024 or the beginning of 2025.
Du Jun, co-founder of cryptocurrency exchange Hooby, discussed in an interview with CNBC published on Sunday when the next bitcoin bull market could happen.
Exchange executives explain that bitcoin bull markets are closely linked by half, occurring every 210,000 blocks or almost every 4 years. The next one will be held in 2024.
He elaborated that the last half occurred in May 2020, and that Bitcoin rose to an all-time high of $ 68,000 in 2021. Similarly, the half that occurred in 2016 hit BTC a record high the following year. Bitcoin prices fell after reaching record highs.
Bitcoin fell nearly 40% from an all-time high in November last year, according to Do News Outlet.