The Crypto Bear Market Could Last Two Years, Top Investors Say

Over the past three months, bitcoin has dropped from a high of $48,000 to roughly $21,000. Some top investors think we’re in for another painful, extended period of low prices. The last downturn began in early 2018 and lasted about two and a half years. “The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. ‘It's the first time that crypto and Web3 has existed in a macroeconomic bear-market environment, where there's potentially a recession happening next year” Garg says. “Always be skeptical, even in a bull market, when Source