Crypto winter may be over. The asset management unit of banking giant Morgan Stanley published its report on the cryptocurrency industry. Morgan Stanley Wealth Management stated that the crypto winter may be over. The report stated that most of Bitcoin’s gains came right after the halving.
Crypto report from Morgan Stanley
A remarkable comment came from Morgan Stanley about cryptocurrencies. The bank’s asset management operation stressed that the crypto winter may be a thing of the past. The report pointed out that BTC’s rise was possible after halving. The asset management company stated that the crypto spring is probably on the horizon.
The investment manager noted that in previous crypto winters, BTC’s bottom occurred 12 to 14 months after the peak. BTC reached its historical peak of 68 thousand dollars in November 2021 and hit the bottom a year later.
Strategist Denny Galindo stated that a 50 percent price increase from BTC’s low is generally a good sign that the bottom has been reached. Galindo reported that most of BTC gains came right after the halving. “There have been three such runs in Bitcoin, and each lasted 12 to 18 months after the halving,” the analyst said, claiming that limiting BTC supply would encourage a potential bull run.
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