There’s a new narrative being advanced by some of the crypto sector’s most important players right now, saying that the real crypto bull market hasn’t even begun. In the aftermath of the crypto flash crash on Oct. 10, such messages are likely to reach a highly receptive audience of investors who are still desperate to recover some of their losses.
But is a crypto bull market really about to start with gusto, or is the narrative just compelling copy because it promises a euphoric phase of the market just ahead? And how do these predictions fit into crypto’s widely held beliefs about the four-year nature of the market cycle, mediated by Bitcoin (BTC 2.78%) and its halving schedule?
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