Ever since the beginning of the year 2020, the cryptocurrency industry has been experiencing a bull-run. The bull-run comes from the vast amount of adoption in user base, investments, and transaction volumes. With more and more mainstream adoption coming to the platform, the entire crypto-industry, in general, is gaining a lot of value.
It has been several weeks since the general trend of the cryptocurrency industry is bullish. This brings the cryptocurrency analysts to ask the most important question as to how long will the bull-run continue to take place.
So far, many speculations have been made by the crypto-analysts and investors around the bullish run of cryptocurrencies. There are many investors that have been using their experience to predict the upcoming situation of the crypto-industry.
Similar to many analysts, the chief information officer (CIO) at BlockTower Capital Ari Paul has also shared his thoughts on the industry. According to Paul, the cryptocurrency industry will continue to experience the bullish run for the next 9 to 22 months.
The BlockTower Capital CIO shared his thoughts through the Twitter platform on February 4, 2021. As per him, the cryptocurrency industry is going through its 7th inning of the bull market of the cryptocurrency.
According to Paul, this is the point where the cryptocurrency industry will start demonstrating a dizzying rotation. The cryptocurrencies are showing a back and forth rotation with respect to their prices and capitalization. At one point Bitcoin’s (BTC) price surges and then it takes a breather for a short while and then Ethereum (ETH) and other altcoins take over.
Paul stated that he is not talking about the bull-run of just some major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or Ripple (XRP). He stated that he is talking about the overall bullish run of the entire cryptocurrency industry.
According to Paul, he had started the clock for the bullish run back in 2018 when the entire plunged to the very bottom. He stated that it was back in 2018 when the entire industry fell to the bottom, providing the perfect opportunity to reset the bullish run clock.
At present, there are many analysts stating that the industry will go a long way with its bullish run. Although 2017 is considered to be one of the worse times for the crypto-industry, it also turned out to be one of the best as well. It was 2017 when Bitcoin (BTC) hit its all-time high of $20k per BTC in its entire history before plunging to the bottom.
However, right after the industry plunged, it started its gradual bullish run and came all the way up to January 10, 2021, when it plunged again by 20%. This means that now the industry has 9 to 22 months more until it will take another fall and become bearish.