Today Elon Musk wrote on Twitter that Bitcoin will make it.
BTC will make it, but might be a long winter
— Elon Musk (@elonmusk) November 14, 2022
However, he also added that the crypto winter will be long.
“Crypto winter” is an even broader term than bear market.
Indeed, the so-called bear market is a market in which prices fall, and continue to fall. Should the descent stop, the bear market will end, even without the start of a new bull run.
In other words, the transition from a downtrend to a lateralizing trend could be enough to end the bear market.
By contrast, the crypto winter is a prolonged period of no growth. So if the bear market ends, but a new bull run is not triggered, the lateralization period would cause the crypto winter to persist as prices are at post-bubble lows.
Elon Musk comforts the crypto community on Twitter
This is precisely what Musk is saying, which is that should the downtrend and bear market end, it is by no means certain that spring wi
We współpracy z: https://en.cryptonomist.ch/2022/11/14/elon-musk-twitter-bitcoin-make/
