2024-07-02 13:24:29
Investing.com – Hashdex, a leading manager in the cryptoactive sector, believes that the crypto “altseason” is coming, according to a report issued to clients and the market. The document states that altcoins (assets not including bitcoins) in altseason, show a strong appreciation of their prices.
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The alteason would be coming, according to Hashdex. “Crypto assets typically follow a four-year cycle: a bull phase (about 12 months), a significant bear market (about 12 months) and a two-year recovery phase. The recovery phases of crypto market cycles often coincide with altseason”, explains the manager.
According to Hashdex, the off-season period would coincide, with the American elections and the last interest cycle at the (Fed, Central Bank of America), which would allow “a parabolic movement in the crypto market”.
Samir Kerbage, CIO at Hashdex, lists other factors that can boost the ecosystem, citing favorable winds in the macroeconomic situation, increased liquidity with upcoming interest cuts, regulatory changes that can be leveraged with the American elections, an increase in membership institutional and market cycles. , citing the latter half.
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The ecosystem needs to see a greater inflow of institutional capital, with platforms and consultants currently evaluating their options. “There is speculation that the largest exchanges in the United States will allow bitcoin ETFs on their platforms very soon, and pension funds and RIAs are starting to explore and adopt crypto investments,” Hashdex indicates.
In addition, the manager compares Bitcoin half-cycle periods and considers that the estimated potential was “much higher than if an investor were buying the cryptocurrency in the current phase of the cycle, taking into account the period between 60 and 90 days after the event. purchased after that period.”
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