Here's Why One Crypto CEO Thinks Bear Markets Are Actually Good
Bear markets are a part of investing, especially in crypto. While the stock market was on a bull run for the most part until late last year, ever since the Great Recession, there have been a handful of periods when cryptocurrencies have gone through their own bear markets.
When this happens, it's called a crypto winter, and it isn't uncommon for the cryptocurrency market class to collectively fall by more than 60%. In fact, in the last crypto winter of 2018, the cryptocurrency asset class was decimated and lost more than 80% of its value.
Yet despite this extreme drop, the market recovered over the next three years and rose to new highs in 2021. From its 2018 bottom, the cryptocurrency market cap increased by more than 2,500% and notched a collective value of just under $3 billion.
Source Fool.com
