After close to a year characterized by a mixture of price decline and tightly range-bound sideways movement, it might seem counterintuitive to declare that this is an optimal moment to get into crypto.
Bitcoin and other coins have made some gains this week, but still, the leading cryptocurrency is down from almost $70,000 towards the end of last year to around $20,000.
What’s more, the economic landscape is, at the moment, defined by monetary tightening, inflation, recessionary concerns, and declining house prices. Throw in, to varying degrees and depending on which county you’re in, political disarray and civil rancor and the macro outlook is choppy.
Firstly, let’s acknowledge well-worn but evergreen investment advice, and some specific points around Bitcoin and crypto. From the simplest perspective, we of course want to buy low, when there is fear in the markets.
In the case of crypto, we additionally have Bitcoin’s four-year halving cycles to help us navigate. We should, according to these patterns, be at or close to the cycle bottom now or in the coming months.
Many observers contend that there is another leg down for bitcoin, while a few maintain that the bottom is already in, but either way, if the halving cycles hold then we are in or approaching an accumulation period.
However, prices and market cycles are not the only reasons to be paying attention to crypto.
A Moment of Clarity for Crypto
The crypto space is currently experiencing a moment of relative tranquillity when it’s possible to perceive the state of development with enhanced clarity.
Looking around, we see that despite the economic turmoil, bitcoin has been holding remarkably steady at around $19,000, with Ethereum staying above $1,000, while the volatility
