ByteTree: The bear market is over and Bitcoin is becoming mainstream

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Cointime2023/11/16 06:27

By:Cointime

Investment consulting firm ByteTree founder Charlie Morris said in a market report released on Wednesday that Bitcoin is becoming mainstream and the bear market is over, "the good times are coming."

ByteTree emphasized the strong performance of BTC compared to traditional assets such as US stock indexes and gold. Morris pointed out that Bitcoin's trend is not only strong in US dollars, but also strong relative to other major assets. This is important for institutions to adopt because they will not purchase alternative assets unless there is some extra return. Morris also pointed out that after two harsh crypto winters, as the market breadth improves, altcoins are strengthening. (CoinDesk)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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