Unlocking the Mystery:

Investors in Bitcoin and crypto have one burning question in mind: When will prices surge and spark the next bull market? Despite our crypto-for-change facade, the truth is we’re all here for the money. We're well aware of the skewed wealth system that consistently works against us. Therefore, Bitcoin and crypto represent our best shot at shaking off debts, ditching our 9 to 5 desks and securing a financially stable future. Though, these dreams appear to falter amid insolvencies, frauds and widespread FUD within the market. Nevertheless, if you've managed to keep your head above water, up until this point, you're a battle-hardened warrior. Though, what lies ahead demands undivided attention. When exactly will Bitcoin rally once again? In this article, we'll explore the different scenarios that could determine the answer to this pressing question.

It won’t.

In the realm of Bitcoin, one must always be mindful of the golden rule - nothing is promised. Despite the slight possibility of Bitcoin reaching $100k soon, the reality of it dropping to zero is equally plausible. This fact should never be forgotten. The last year has brought immense damage to the market, even though prices are better than expected given the circumstances. The reputation of the market has suffered the most significant blow. Powerful politicians were burnt, with SBF being the second-largest donor to the Democratic party in the US, caught in the middle of one of the most massive financial frauds in history. These politicians have returned with vengeance, and it is evident in how the Biden administration has quickly labeled crypto as enemy number one. Overcoming this adversity could require a tremendous amount of effort, and it is possible that the market may never be able to do so.

During the Banking Crisis

Bitcoin has shone amidst the banking crisis, emerging as one of the few bright spots. While the financial sector was in a frenzy, Bitcoin significantly outperformed. Often, it takes an emergency for individuals to recognize the issues transpiring around them. In this instance, it also served as a wake-up call to the necessity of Bitcoin. This realization is bound to remain etched in people's minds. Some experts believed the banking crisis to be resolved, yet Wells Fargo recently restricted cash withdrawals to $1,000 owing to unforeseen circumstances. Considering this predicament, the crisis could be far from over, underscoring the importance of acquiring more Bitcoin.

The End of the Year

The “go away in May” investment strategy suggests that during the summer months, financial assets, including stocks and cryptocurrencies, tend to slump, only to recover towards the end of the year. This pattern was evident in 2021 when Bitcoin dropped from $64k in May to $28k in the summer, before surging to $69k in November. During summertime, people tend to spend time outdoors, with their families, and on vacations, enjoying life. While there is no guarantee, we may see a similar scenario unfolding, awaiting the Santa rally towards the end of the year.

The Halving

One of the most revered principles among Bitcoin enthusiasts is that prices generally go up following a halving event. This event occurs approximately every four years and results in a fifty percent reduction in the rate of Bitcoin mining issuance. In anticipation of the halving, there is often the fear of missing out, leading to a price surge. Afterward, prices usually remain stagnant for several months before receiving a supply shock toward year-end. At this juncture, Bitcoin's value starts to rise dramatically, signifying the beginning of the next bull market. The next halving will occur in May 2024, which is less than a year away. Despite the market's challenges over the past two years, people in the industry have clung to the hope that the halving will act as the market's saving grace.

Deep into the Future

The last possible scenario is that this market has undergone a complete transformation. The tumultuous events of the past two years have undoubtedly caused extensive harm, but it was not lethal. Recovery from such damage will require a significant amount of time. While it may be discouraging to contemplate a multi-year recovery, it could be a blessing in disguise. To ensure the longevity of Bitcoin and crypto, we must do better. We must build more sustainably, conduct ourselves with greater integrity, treat one another with respect, and plan for the future. In bull markets, soaring prices distract us from the task of building real, lasting infrastructure. By contrast, bear markets afford us the opportunity to focus on infrastructure over profits. A prolonged bear market might be precisely what we require. It is my belief that Bitcoin's resurgence will begin towards the end of this year, with the halving event serving as an additional driving force. Regardless, I remain enthusiastic about the market's potential and continue to acquire more cryptocurrency.