<\/p>\n
Morgan Stanley says the worst phase of the crypto market cycle appears to be over as Bitcoin (<\/span>BTC<\/span><\/a>) approaches its halving event in April 2024.<\/span><\/p>\n According to the banking giant, crypto spring<\/a>, or a period of price recovery, is likely in sight.\u00a0<\/span><\/p>\n Morgan Stanley says Bitcoin\u2019s halving, which cuts BTC miners\u2019 block rewards in half, could be what officially signals a new market expansion, but the bank warns that data involving crypto phases are currently limited, and risks remain present.<\/span><\/p>\n \u201cEstimates of when exactly the next halving will occur vary, but history indicates it has the potential to occur sometime around April 2024. Based on current data, signs indicate that crypto winter may be in the past and that crypto spring is likely on the horizon\u2026<\/span><\/i><\/p>\n One key thing to keep in mind: as with any investment, past performance doesn\u2019t indicate future results. Potential risks such as encryption breaking, software bugs, recession or coordinated government action could emerge before the expected halving and disrupt the cycle.\u201d\u00a0<\/span><\/i><\/p>\n Last year, former Morgan Stanley CEO John Mack said<\/a> that in the future, monetary transactions and asset trading will take place digitally on blockchains as life becomes increasingly more reliant on computers.<\/p>\n \u201cFifty years from now, maybe [digital assets] will be a huge way that monetary transactions take place. It\u2019s easy to wire. You don\u2019t have to worry about putting it into a bank. It\u2019s all on a computer. You got to make sure it\u2019s insulated, protected, and no one can break into it.<\/em><\/p>\n But 50 years from now, I think things will be even more electronic and drive more and more by input from humans into computers on how to trade, how to take risks and make sure they don\u2019t go over their limits.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n