Coinbase Global (COIN +4.28%) Chief Executive Officer Brian Armstrong told CNBC on Aug. 20 that he thinks crypto is on the verge of a new bull market. If he’s right, now would be the time to finish loading up on any assets, before they start to get pricey.

So, is Armstrong’s prediction likely to play out? Let’s look at what the historical data says.

Image source: Getty Images.

He makes a good argument

Armstrong’s rationale for believing that the ongoing crypto bear market is approaching its end is based on three pillars.

First, the current downturn has lasted for 10 months, which is about as long as crypto bear markets have tended to last in the past. On its own, that’s not any guarantee of better times coming, though it does suggest…