3 trends to think about before Bitcoin’s bull run resumes
The market is down, but the bull run isn’t over. When it resumes running upward, some things are going to run a little more than others.
Cryptocurrency’s next bull run has already begun. One of the most significant differences compared to past cycles lies in the type of new investors entering the market. Bitcoin (BTC) exchange-traded funds (ETFs) effectively opened the door for wider participation by making it easier to get a piece of the action, and Ethereum (ETH) ETFs are widely expected to arrive soon.
Newcomers may have some difficulty understanding crypto, but there is a worthwhile framework to be considered in light of their first investments.
Beginners often start by investing in the big names like Bitcoin and Ethereum. For the most part, you can invest in Bitcoin and wait at least six months before checking its price to see if it’s grown enough to sell. But for those with only a few thousand dollars to invest, investing in Bitcoin isn’t going to make you a millionaire. The near to mid-term growth potential is 2-3 times its current value.
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Author: Ruslan Fakhrutdinov
