No Bitcoin Bull Run Until End of 2024: Huobi Co-Founder

Huobi co-founder Du Jun does not believe there will be another crypto bull market until the end of 2024 or early 2025.
Speaking to CNBC over the weekend, he said that judging by past market cycles, there may not be another one for around three years. He said that “we are now at the early stage of a bear market,” before adding:
“Following this cycle, it won’t be until end of 2024 to beginning of 2025 that we can welcome next bull market on bitcoin.”
All About The Bitcoin Halving
Jun believes that Bitcoin market cycles are all closely tied to halving events. Prices have surged into a new bull run in the year that follows the Bitcoin halving in previous cycles. The next halving is currently scheduled for May 4, 2024, in 803 days. So, if history rhymes, late 2024 could be takeoff time again for crypto markets.
The halving of block rewards for miners will reduce it from the current 6.25 BTC to 3.125 BTC per block. There was little market activity following the previous halving, wh

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