I have been very busy which makes me not to post this very early as it was last week news. Just that it is still very much worth it to post this.
More than 30% of Canadians plan to purchase crypto by 2024, says OSC headSome people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.
According to Ontario Securities Commission head, the chief executive officer, Grant Vingoe, he said that they know from their research that 30% of Canadians are willing to invest in crypto asset by 2024.
“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”
I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024. And what should we expect by that time and 2025? Bull run.
this is pretty promising but i seriously wouldn't recommend buying any crypto in this bear market phase. from a newbies perspective it might seem like a good idea to purchase since bitcoin and other alt/shitcoins are plummeting in price, but isn't that kind of like catching a falling knife? why would you want your hands to bleed on its way down? instead, why not wait til the next crypto bull market phase and capitalize on gains when the price is ACTUALLY rising and exit
safely... doesn't that sound much better? another thing to shine light on is that if u look at bitcoins 1 week price chart, it has been proven over time that it takes 6+ months for the price to break out of the box of consolidation, so trade especially carefully now. no one knows when we break out of a bear market. this is just my opinion though.